TESSCO Technologies, Inc. (NASDAQ:TESS) Announces $0.20 Quarterly Dividend

TESSCO Technologies, Inc. (NASDAQ:TESS) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Wednesday, November 13th will be given a dividend of 0.20 per share by the communications equipment provider on Wednesday, November 27th. This represents a $0.80 annualized dividend and a yield of 6.50%. The ex-dividend date is Tuesday, November 12th.

Shares of TESS opened at $12.31 on Friday. TESSCO Technologies has a 12 month low of $10.20 and a 12 month high of $20.00. The company has a current ratio of 1.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.02. The firm has a market cap of $110.60 million, a P/E ratio of 18.94 and a beta of 1.19. The stock’s 50 day moving average is $14.43 and its two-hundred day moving average is $16.30.

A number of equities research analysts have commented on the company. ValuEngine downgraded TESSCO Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Zacks Investment Research cut TESSCO Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, TheStreet cut TESSCO Technologies from a “b-” rating to a “c” rating in a research note on Tuesday, July 23rd.

In other news, SVP Charles Kriete sold 3,148 shares of TESSCO Technologies stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $15.37, for a total value of $48,384.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 24.40% of the company’s stock.

TESSCO Technologies Company Profile

TESSCO Technologies Incorporated architects and delivers products and value chain solutions to support wireless systems in the United States. The company offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems, as well as program management, connector installation, custom jumper assembly, site kitting, and logistics integration services.

See Also: How are Outstanding Shares Different from Authorized Shares?

Dividend History for TESSCO Technologies (NASDAQ:TESS)

Receive News & Ratings for TESSCO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TESSCO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply