TD Synnex Supports Customers through Tough Times, Supporting Shareholders through Changes
Portfolio Pulse from Benzinga Insights
TD Synnex (NYSE:SNX) is distributing a dividend of $0.40 per share with an annualized yield of 1.52%. The dividend is for shareholders who held the stock before January 18, 2024. TD Synnex has shown a positive dividend growth from $0.80 to $1.40 per share from 2021 to 2023. However, earnings per share decreased from $12.68 in 2021 to $11.58 in 2023, raising concerns about the sustainability of future dividends. Taitron Components (NASDAQ:TAIT) leads the industry with a 6.31% annualized dividend yield.
January 26, 2024 | 3:05 pm
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NEUTRAL IMPACT
TD Synnex is paying out a $0.40/share dividend, with a positive trend in dividend growth but a decrease in earnings per share.
The dividend payout may attract income investors, but the decline in earnings could be a concern for the sustainability of future dividends. The short-term impact on the stock price is likely neutral as the market may have already priced in the dividend announcement and the earnings information.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Taitron Components has the highest annualized dividend yield in the industry at 6.31%, outperforming TD Synnex's yield.
While TAIT's high dividend yield is noteworthy, the article does not provide specific news that would directly impact its stock price in the short term. The mention serves as a comparison to SNX's dividend performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50