Business
Connection (CNXN) Announces a Special Dividend to Shareholders
MERRIMACK, N.H.--(BUSINESS WIRE)-- Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business,
About this update from Pc Connection, Inc.
[{"type":"text","content":" MERRIMACK, N.H.--(BUSINESS WIRE)--\nConnection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, and education markets, today announced that its Board of Directors declared a special cash dividend of $1.00 per share payable on December 3, 2021, to shareholders of record at the close of business on November 18, 2021. The aggregate amount of the special dividend payment will be approximately $26.2 million based on the current number of shares outstanding.\n\n\" Our strong balance sheet allows us to pay this dividend while maintaining the ability to continue to grow the business,\" said Timothy McGrath, President and Chief Executive Officer.\n\nWhile Connection is pleased to be in a position to pay a special dividend again this year, the declaration and payment of dividends is at the discretion of the Board of Directors of Connection and any declaration of future cash dividends will depend upon Connection’s financial position, strategic plans, general business conditions and any other factors deemed relevant by the Board of Directors of Connection.\n\nAbout Connection\n\nPC Connection, Inc. and its subsidiaries, dba Connection, (www.connection.com; NASDAQ: CNXN) is a Fortune 1000 company headquartered in Merrimack, NH. With offices throughout the United States, Connection delivers custom-configured computer systems overnight from its ISO 9001:2015 certified technical configuration lab at its distribution center in Wilmington, OH. In addition, the Company has over 2,500 technical certifications to ensure that it can solve the most complex issues of its customers. Connection also services international customers through its GlobalServe subsidiary, a global IT procurement and service management company. Investors and media can find more information about Connection at http://ir.connection.com.\n\nConnection–Business Solutions (800.800.5555) is a rapid-response provider of IT products and services serving primarily the small-and medium-sized business sector. It offers more than 425,000 brand-name products through its staff of technically trained sales account managers, publications, and its website at www.connection.com.\n\nConnection–Enterprise Solutions (561.237.3300), www.connection.com/enterprise, provides corporate technology buyers with best-in-class IT solutions, ...