Wayside Technology Group, Inc. (WSTG) to Issue Quarterly Dividend of $0.17 on November 17th

Wayside Technology Group, Inc. (NASDAQ:WSTG) declared a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders of record on Friday, November 10th will be paid a dividend of 0.17 per share on Friday, November 17th. This represents a $0.68 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Thursday, November 9th.

Wayside Technology Group (NASDAQ WSTG) opened at $14.25 on Friday. The stock has a market cap of $64.63 million, a PE ratio of 10.93 and a beta of 0.30. Wayside Technology Group has a 1-year low of $13.05 and a 1-year high of $21.75.

Wayside Technology Group (NASDAQ:WSTG) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.30 earnings per share for the quarter. Wayside Technology Group had a return on equity of 15.83% and a net margin of 1.33%. The company had revenue of $106.65 million during the quarter.

A hedge fund recently raised its stake in Wayside Technology Group stock. Northern Trust Corp boosted its stake in Wayside Technology Group, Inc. (NASDAQ:WSTG) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,804 shares of the company’s stock after purchasing an additional 2,662 shares during the quarter. Northern Trust Corp owned approximately 0.77% of Wayside Technology Group worth $634,000 as of its most recent filing with the Securities & Exchange Commission. 40.49% of the stock is currently owned by institutional investors.

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About Wayside Technology Group

Wayside Technology Group, Inc is an information technology (IT) channel company. The Company distributes software and hardware developed by others through resellers indirectly to customers across the world. The Company operates through two segments: Lifeboat Distribution and TechXtend. The Lifeboat Distribution segment distributes technical software and hardware to corporate resellers, value added resellers (VARs), consultants and systems integrators across the world.

Dividend History for Wayside Technology Group (NASDAQ:WSTG)

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