TESSCO Technologies, Inc. Announces Quarterly Dividend of $0.20 (NASDAQ:TESS)

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TESSCO Technologies, Inc. (NASDAQ:TESS) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Wednesday, November 13th will be given a dividend of 0.20 per share by the communications equipment provider on Wednesday, November 27th. This represents a $0.80 annualized dividend and a yield of 6.50%. The ex-dividend date of this dividend is Tuesday, November 12th.

NASDAQ TESS opened at $12.31 on Friday. The company’s 50 day simple moving average is $14.43 and its two-hundred day simple moving average is $16.30. TESSCO Technologies has a 1 year low of $10.20 and a 1 year high of $20.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.56 and a quick ratio of 0.73. The stock has a market capitalization of $110.60 million, a PE ratio of 18.94 and a beta of 1.19.

Several equities research analysts have recently commented on the stock. ValuEngine cut shares of TESSCO Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Zacks Investment Research cut shares of TESSCO Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, TheStreet cut shares of TESSCO Technologies from a “b-” rating to a “c” rating in a research report on Tuesday, July 23rd.

In other news, SVP Charles Kriete sold 3,747 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $15.85, for a total value of $59,389.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 24.40% of the company’s stock.

TESSCO Technologies Company Profile

TESSCO Technologies Incorporated architects and delivers products and value chain solutions to support wireless systems in the United States. The company offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems, as well as program management, connector installation, custom jumper assembly, site kitting, and logistics integration services.

Read More: Book Value Of Equity Per Share – BVPS Explained

Dividend History for TESSCO Technologies (NASDAQ:TESS)

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