Wayside Technology Group, Inc. Plans Quarterly Dividend of $0.17 (WSTG)

Wayside Technology Group, Inc. (NASDAQ:WSTG) declared a quarterly dividend on Wednesday, August 8th, Wall Street Journal reports. Shareholders of record on Wednesday, August 8th will be paid a dividend of 0.17 per share on Wednesday, August 22nd. This represents a $0.68 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Tuesday, August 7th.

Wayside Technology Group traded down $0.25, reaching $12.60, during midday trading on Wednesday, Marketbeat reports. The company’s stock had a trading volume of 5,552 shares, compared to its average volume of 7,293. Wayside Technology Group has a 52 week low of $12.55 and a 52 week high of $17.25. The stock has a market cap of $61.06 million, a PE ratio of 10.04 and a beta of 0.15.

Separately, TheStreet raised shares of Wayside Technology Group from a “c+” rating to a “b-” rating in a research note on Thursday, May 31st.

In other news, CEO Simon F. Nynens sold 1,801 shares of Wayside Technology Group stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $14.25, for a total transaction of $25,664.25. Following the transaction, the chief executive officer now directly owns 270,761 shares of the company’s stock, valued at $3,858,344.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Simon F. Nynens sold 2,700 shares of Wayside Technology Group stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $14.25, for a total transaction of $38,475.00. Following the transaction, the chief executive officer now directly owns 262,269 shares in the company, valued at $3,737,333.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,920 shares of company stock worth $226,925. Insiders own 12.90% of the company’s stock.

About Wayside Technology Group

Wayside Technology Group, Inc operates as an information technology channel company worldwide. It operates in two segments, Lifeboat Distribution and TechXtend. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators; and software, hardware, and services for corporations, government organizations, and academic institutions.

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Dividend History for Wayside Technology Group (NASDAQ:WSTG)

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