TD Synnex (SNX) Declares $0.35 Dividend
TD Synnex said on June 27, 2023 that its board of directors declared a regular quarterly dividend of $0.35 per share ($1.40 annualized). Previously, the company paid $0.35 per share.
Shares must be purchased before the ex-div date of July 13, 2023 to qualify for the dividend. Shareholders of record as of July 14, 2023 will receive the payment on July 28, 2023.
At the current share price of $94.00 / share, the stock's dividend yield is 1.49%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.95%, the lowest has been 0.62%, and the highest has been 4.50%. The standard deviation of yields is 1.12 (n=196).
The current dividend yield is 0.42 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.19. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
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What is the Fund Sentiment?
There are 759 funds or institutions reporting positions in TD Synnex. This is an increase of 22 owner(s) or 2.99% in the last quarter. Average portfolio weight of all funds dedicated to SNX is 0.29%, an increase of 5.50%. Total shares owned by institutions decreased in the last three months by 1.94% to 84,438K shares. 
The put/call ratio of SNX is 0.56, indicating a bullish outlook.
Analyst Price Forecast Suggests 26.96% Upside
As of June 1, 2023, the average one-year price target for TD Synnex is 119.34. The forecasts range from a low of 102.01 to a high of $157.50. The average price target represents an increase of 26.96% from its latest reported closing price of 94.00.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for TD Synnex is 64,746MM, an increase of 4.43%. The projected annual non-GAAP EPS is 12.57.
What are Other Shareholders Doing?
Apollo Management Holdings holds 37,427K shares representing 39.66% ownership of the company. In it's prior filing, the firm reported owning 42,602K shares, representing a decrease of 13.83%. The firm increased its portfolio allocation in SNX by 10.20% over the last quarter.
FLPSX - Fidelity Low-Priced Stock Fund holds 2,287K shares representing 2.42% ownership of the company. In it's prior filing, the firm reported owning 2,299K shares, representing a decrease of 0.51%. The firm decreased its portfolio allocation in SNX by 8.73% over the last quarter.
Abrams Bison Investments holds 2,270K shares representing 2.41% ownership of the company. In it's prior filing, the firm reported owning 2,169K shares, representing an increase of 4.45%. The firm increased its portfolio allocation in SNX by 0.26% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,471K shares representing 1.56% ownership of the company. In it's prior filing, the firm reported owning 1,310K shares, representing an increase of 10.96%. The firm increased its portfolio allocation in SNX by 5.98% over the last quarter.
River Road Asset Management holds 1,329K shares representing 1.41% ownership of the company. In it's prior filing, the firm reported owning 1,288K shares, representing an increase of 3.10%. The firm increased its portfolio allocation in SNX by 4.94% over the last quarter.
TD Synnex Background Information
(This description is provided by the company.)
SYNNEX Corporation is a Fortune 200 corporation and a leading provider of a comprehensive range of distribution, systems design and integration services for the technology industry to a wide range of enterprises. Founded in 1980, SYNNEX Corporation operates in numerous countries throughout North and South America, Asia-Pacific and Europe.
Key filings for this company:
This story originally appeared on Fintel.