TESSCO Technologies, Inc. Plans Quarterly Dividend of $0.20 (TESS)

TESSCO Technologies, Inc. (NASDAQ:TESS) declared a quarterly dividend on Thursday, January 25th, Wall Street Journal reports. Stockholders of record on Wednesday, February 14th will be given a dividend of 0.20 per share by the communications equipment provider on Wednesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Tuesday, February 13th.

TESSCO Technologies (NASDAQ TESS) opened at $22.00 on Thursday. TESSCO Technologies has a 52 week low of $12.15 and a 52 week high of $23.65. The firm has a market cap of $192.51, a price-to-earnings ratio of 53.37 and a beta of 1.37.

TESSCO Technologies (NASDAQ:TESS) last announced its earnings results on Tuesday, January 23rd. The communications equipment provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.11. TESSCO Technologies had a net margin of 0.57% and a return on equity of 3.43%. The business had revenue of $146.26 million during the quarter, compared to the consensus estimate of $144.00 million.

A number of equities analysts recently weighed in on TESS shares. Zacks Investment Research raised shares of TESSCO Technologies from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Saturday, January 27th. TheStreet raised shares of TESSCO Technologies from a “c+” rating to a “b-” rating in a research note on Monday, December 11th.

In related news, Director Morton Zifferer sold 10,000 shares of TESSCO Technologies stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $22.17, for a total transaction of $221,700.00. Following the completion of the transaction, the director now owns 77,839 shares of the company’s stock, valued at $1,725,690.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 26.90% of the stock is owned by company insiders.

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TESSCO Technologies Company Profile

TESSCO Technologies Incorporated architects and delivers the product and value chain solutions to organizations responsible for building, operating, maintaining and reselling cellular, mobile communications, wireless-fidelity (Wi-Fi), machine-to-machine, Internet of Things and wireless backhaul systems.

Dividend History for TESSCO Technologies (NASDAQ:TESS)

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