SYNNEX said on March 28, 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 April 13, 2023 to qualify for the dividend.
Shareholders of record as of April 14, 2023
will receive the payment on April 28, 2023.
At the current share price of $92.24 / share,
the stock’s dividend yield is 1.52%.
Looking back five years and taking a sample every week, the average dividend yield has been
2.03%,
the lowest has been 0.62%,
and the highest has been 4.50%.
The standard deviation of yields is 1.13 (n=197).
The current dividend yield is
0.45 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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Analyst Price Forecast Suggests 37.12% Upside
As of March 28, 2023,
the average one-year price target for SYNNEX is $126.48.
The forecasts range from a low of $110.09 to a high of $157.50.
The average price target represents an increase of 37.12% from its latest reported closing price of $92.24.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SYNNEX
is $64,746MM, an increase of 4.43%.
The projected annual non-GAAP EPS
is $12.57.
What is the Fund Sentiment?
There are 733 funds or institutions reporting positions in SYNNEX.
This is an increase
of
7
owner(s) or 0.96% in the last quarter.
Average portfolio weight of all funds dedicated to SNX is 0.28%,
an increase
of 6.79%.
Total shares owned by institutions decreased
in the last three months by 1.20% to 86,083K shares.
The put/call ratio of SNX is 0.48, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Apollo Management Holdings
holds 42,602K shares
representing 45.03% ownership of the company.
No change in the last quarter.
FLPSX – Fidelity Low-Priced Stock Fund
holds 2,299K shares
representing 2.43% ownership of the company.
In it’s prior filing, the firm reported owning 2,300K shares, representing
a decrease
of 0.06%.
The firm
increased
its portfolio allocation in SNX by 3.88% over the last quarter.
Abrams Bison Investments
holds 2,169K shares
representing 2.29% ownership of the company.
No change in the last quarter.
Lyrical Asset Management
holds 1,359K shares
representing 1.44% ownership of the company.
In it’s prior filing, the firm reported owning 919K shares, representing
an increase
of 32.35%.
The firm
increased
its portfolio allocation in SNX by 50.90% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 1,310K shares
representing 1.38% ownership of the company.
In it’s prior filing, the firm reported owning 1,300K shares, representing
an increase
of 0.81%.
The firm
increased
its portfolio allocation in SNX by 8.60% 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.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
