As per Synnex Corporation (NYSE:SNX)’s news release on 2016-06-23, its shareholders will get cash dividend of $0.2 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-15 and 2016-07-29, respectively.
The stock will commence trading ex-dividend from 2016-07-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Synnex Corporation (NYSE:SNX) disbursed $0.2 in dividend compared to distribution of $0.2, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 360%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Synnex Corporation (NYSE:SNX) to attain a price target of $98. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $108. The low price range is set at $88 for next year while the arithmetic mean is seen at 2.8.
Eyeing Earnings Synnex Corporation (NYSE:SNX) is likely to post quarterly numbers around 2016-09-26 for the quarter ending 2016-08-31. The quarterly EPS projection is set at $1.55 for the period ending on 2016-08-31.
In last quarter ended 2015-11-30, Synnex Corporation (NYSE:SNX) earnings came at $1.37 suggesting a deviation of $0.07. The brokerages targeted EPS of $1.3 for the quarter.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...