Dicker Data (DDR) Reaches New 1-Year High After Dividend Announcement

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Dicker Data Ltd (ASX:DDR) shares reached a new 52-week high during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as A$5.20 ($3.69) and last traded at A$5.15 ($3.65), with a volume of 163611 shares trading hands. The stock had previously closed at A$5.07 ($3.60).

The newly announced dividend which will be paid on Monday, June 3rd. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.05 per share. This represents a yield of 0.98%. This is a boost from Dicker Data’s previous Interim dividend of $0.04. The ex-dividend date of this dividend is Friday, May 17th. Dicker Data’s dividend payout ratio is 99.01%.

The company has a current ratio of 1.16, a quick ratio of 0.81 and a debt-to-equity ratio of 137.12. The firm has a market cap of $826.61 million and a PE ratio of 25.45.

In other news, insider Vladimir Mitnovetski purchased 55,879 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was bought at an average cost of A$4.05 ($2.87) per share, for a total transaction of A$226,086.43 ($160,344.99).

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Dicker Data Company Profile (ASX:DDR)

Dicker Data Limited engages in the wholesale distribution of computer hardware, software, and related products in Australia and New Zealand. The company offers a product portfolio of various technology vendors, including HP, Cisco, Toshiba, ASUS, Lenovo, Microsoft, and other brands. Dicker Data Limited sells its products to approximately 5,000 resellers.

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