Climb Global Solutions, Inc. (NASDAQ:CLMB) Plans $0.17 Quarterly Dividend

Climb Global Solutions, Inc. (NASDAQ:CLMB) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Investors of record on Monday, March 17th will be given a dividend of 0.17 per share on Friday, March 21st. This represents a $0.68 annualized dividend and a dividend yield of 0.57%.

Climb Global Solutions Trading Up 0.9 %

Climb Global Solutions stock traded up $1.06 on Wednesday, reaching $118.81. 66,575 shares of the stock were exchanged, compared to its average volume of 26,889. Climb Global Solutions has a twelve month low of $49.69 and a twelve month high of $142.50. The firm has a fifty day moving average price of $126.71 and a two-hundred day moving average price of $115.78. The stock has a market cap of $547.36 million, a PE ratio of 32.20, a PEG ratio of 1.74 and a beta of 1.13.

Climb Global Solutions (NASDAQ:CLMB) last announced its earnings results on Wednesday, March 5th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.12 by $1.14. Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. Equities analysts anticipate that Climb Global Solutions will post 4.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an “outperform” rating and set a $136.00 target price on shares of Climb Global Solutions in a research note on Thursday, December 12th.

Climb Global Solutions Company Profile

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.