PC-Tel, Inc. (PCTI) Declares Quarterly Dividend of $0.06
PC-Tel, Inc. (NASDAQ:PCTI) announced a quarterly dividend on Friday, October 27th, RTT News reports. Shareholders of record on Wednesday, November 8th will be given a dividend of 0.055 per share by the Wireless communications provider on Wednesday, November 15th. This represents a $0.22 dividend on an annualized basis and a yield of 3.35%.
PC-Tel (NASDAQ PCTI) traded down 0.08% during midday trading on Friday, reaching $6.57. The company’s stock had a trading volume of 1,439 shares. The firm’s market capitalization is $109.23 million. PC-Tel has a 12 month low of $4.86 and a 12 month high of $8.48. The stock’s 50-day moving average price is $6.32 and its 200-day moving average price is $6.77.
PC-Tel (NASDAQ:PCTI) last announced its quarterly earnings data on Tuesday, August 8th. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.01. PC-Tel had a positive return on equity of 1.60% and a negative net margin of 5.61%. The business had revenue of $21.50 million during the quarter, compared to analyst estimates of $24.09 million. During the same period last year, the company earned $0.08 earnings per share. PC-Tel’s quarterly revenue was up .9% compared to the same quarter last year. Analysts predict that PC-Tel will post $0.24 EPS for the current year.
Separately, B. Riley reiterated a “buy” rating and set a $8.50 price objective on shares of PC-Tel in a report on Monday, August 14th.
ILLEGAL ACTIVITY WARNING: This story was first posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/27/pc-tel-inc-pcti-declares-quarterly-dividend-of-0-06.html.
PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.
Receive News & Ratings for PC-Tel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PC-Tel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.