Climb Global Solutions, Inc. (NASDAQ:CLMB – Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Monday, November 11th will be paid a dividend of 0.17 per share on Friday, November 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Friday, November 8th.
Climb Global Solutions has a dividend payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Climb Global Solutions to earn $3.59 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 18.9%.
Climb Global Solutions Stock Up 11.8 %
Shares of NASDAQ CLMB opened at $122.42 on Thursday. The stock has a market cap of $564.36 million, a price-to-earnings ratio of 33.18, a P/E/G ratio of 2.99 and a beta of 1.06. Climb Global Solutions has a twelve month low of $40.63 and a twelve month high of $122.65. The company’s fifty day moving average is $99.43 and its 200-day moving average is $76.96.
Analysts Set New Price Targets
Separately, Barrington Research reiterated an “outperform” rating and issued a $90.00 price target on shares of Climb Global Solutions in a research note on Thursday, October 10th.
View Our Latest Research Report on Climb Global Solutions
About Climb Global Solutions
Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.
Featured Articles
- Five stocks we like better than Climb Global Solutions
- ETF Screener: Uses and Step-by-Step Guide
- Fiserv Is Up 50% This Year and Can Go Another 50% Higher
- NYSE Stocks Give Investors a Variety of Quality OptionsĀ
- Monster Beverage Is a Scary Good Deal at Current Levels
- What Are Dividend Champions? How to Invest in the Champions
- 2 Online Educational Platforms Staging a Turnaround
Receive News & Ratings for Climb Global Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Climb Global Solutions and related companies with MarketBeat.com's FREE daily email newsletter.