Systemax Inc. (SYX) to Issue $0.10 Quarterly Dividend

Systemax Inc. (NYSE:SYX) declared a quarterly dividend on Monday, October 30th, NASDAQ reports. Investors of record on Monday, November 13th will be given a dividend of 0.10 per share on Monday, November 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, November 10th.

Systemax (SYX) opened at $30.46 on Friday. The firm has a market capitalization of $1,127.57, a P/E ratio of 29.29 and a beta of 0.15. Systemax has a 1-year low of $7.05 and a 1-year high of $32.33.

A number of research analysts recently weighed in on the company. Sidoti reissued a “buy” rating and set a $31.00 target price (up from $25.00) on shares of Systemax in a report on Thursday, August 10th. BidaskClub lowered Systemax from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.

In other Systemax news, VP Thomas Axmacher sold 2,886 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $24.51, for a total value of $70,735.86. Following the transaction, the vice president now directly owns 3,211 shares of the company’s stock, valued at approximately $78,701.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lawrence P. Reinhold sold 47,880 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $25.07, for a total value of $1,200,351.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,283 shares of company stock worth $3,788,403. Insiders own 69.60% of the company’s stock.

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Systemax Company Profile

Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.

Dividend History for Systemax (NYSE:SYX)

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