Systemax Inc. (NYSE:SYX) announced a quarterly dividend on Wednesday, October 31st, Wall Street Journal reports. Investors of record on Monday, November 12th will be paid a dividend of 0.11 per share on Monday, November 19th. This represents a $0.44 annualized dividend and a yield of 1.42%. The ex-dividend date is Thursday, November 8th.
Systemax has a dividend payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Systemax to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 30.3%.
Shares of NYSE:SYX opened at $30.91 on Friday. Systemax has a 12 month low of $25.08 and a 12 month high of $47.75. The company has a market cap of $1.20 billion, a P/E ratio of 20.32 and a beta of 0.31.
Systemax (NYSE:SYX) last announced its earnings results on Tuesday, October 30th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.05. Systemax had a return on equity of 28.53% and a net margin of 19.10%. The firm had revenue of $235.80 million for the quarter, compared to analysts’ expectations of $231.01 million. The company’s revenue was up 15.4% on a year-over-year basis. On average, analysts expect that Systemax will post 1.22 EPS for the current year.
Several equities research analysts recently commented on SYX shares. William Blair raised Systemax from a “market perform” rating to an “outperform” rating in a report on Wednesday. Sidoti raised Systemax from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, August 22nd. They noted that the move was a valuation call.
In other Systemax news, SVP David Kipe sold 1,430 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $40.05, for a total value of $57,271.50. Following the transaction, the senior vice president now owns 857 shares of the company’s stock, valued at $34,322.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 69.00% of the stock is currently owned by corporate insiders.
Systemax Company Profile
Systemax Inc operates as a direct marketer of brand name and private label products. Its Industrial Products Group segment sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance, furniture and office, HVAC/R and fans, workbench and shop desks, safety and security, outdoor and grounds maintenance, tools and instruments, office and school supplies, plumbing and pumps, packaging and supplies, electrical and lighting, food service and appliances, raw materials and building supplies, motors and power transmission, pneumatics and hydraulics, medical and laboratory equipment, metalworking and cutting tools, vehicle maintenance, and fasteners and hardware in North America.
Further Reading: Cash Flow
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