{"id":406326,"date":"2020-12-29T16:08:20","date_gmt":"2020-12-29T21:08:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=406326"},"modified":"2020-12-29T16:08:20","modified_gmt":"2020-12-29T21:08:20","slug":"connection-cnxn-announces-a-special-dividend-to-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/connection-cnxn-announces-a-special-dividend-to-shareholders\/","title":{"rendered":"Connection (CNXN) Announces a Special Dividend to Shareholders"},"content":{"rendered":"

<\/p>\n

Connection (CNXN) Announces a Special Dividend to Shareholders<\/b><\/p>\n

MERRIMACK, N.H.–(BUSINESS WIRE<\/a>)–
\nConnection (PC Connection, Inc.; NASDAQ: CNXN<\/a>), a leading information technology solutions provider to business, government, and education markets, today announced that its Board of Directors declared a special cash dividend of $.32 per share payable on January 29, 2021, to shareholders of record at the close of business on January 12, 2021. The total amount of the special dividend payment will be approximately $8.4 million based on the current number of shares outstanding. While Connection is pleased to be in a position to pay a special dividend again this year, any declaration of future cash dividends will depend upon its financial position, strategic plans, and general business conditions at the time.\n<\/p>\n

\n“2020 has been an unprecedented period in many respects. We have maintained a strong balance sheet throughout the year and are pleased to be able to announce this special cash dividend. The dividend demonstrates our commitment to returning cash to shareholders as part of our capital allocation plan,” said Timothy McGrath, President and Chief Executive Officer.\n<\/p>\n

About Connection <\/b><\/p>\n

\nPC Connection, Inc. and its subsidiaries, dba Connection,<\/b> (www.connection.com<\/a>; NASDAQ: CNXN) is a Fortune 1000 company headquartered in Merrimack, NH. With offices throughout the United States, Connection delivers custom-configured computer systems overnight from its ISO 9001:2015 certified technical configuration lab at its distribution center in Wilmington, OH. In addition, the Company has over 2,500 technical certifications to ensure that it can solve the most complex issues of its customers. Connection also services international customers through its GlobalServe subsidiary, a global IT procurement and service management company. Investors and media can find more information about Connection at http:\/\/ir.pcconnection.com<\/a>.\n<\/p>\n

\nConnection\u2013Business Solutions (800.800.5555) is a rapid-response provider of IT products and services serving primarily the small-and medium-sized business sector. It offers more than 425,000 brand-name products through its staff of technically trained sales account managers, publications, and its website at www.connection.com<\/a>.\n<\/p>\n

\nConnection\u2013Enterprise Solutions (561.237.3300), www.connection.com\/enterprise<\/a>, provides corporate technology buyers with best-in-class IT solutions, in-depth IT supply-chain expertise, and access to over 425,000 products and 1,600 vendors through TRAXX\u2122, a proprietary cloud-based eProcurement system. The team\u2019s engineers, software licensing specialists, and project managers help reduce the cost and complexity of buying hardware, software, and services throughout the entire IT lifecycle.\n<\/p>\n

\nConnection\u2013Public Sector Solutions (800.800.0019), is a rapid-response provider of IT products and services to federal, state, and local government agencies and educational institutions through specialized account managers, publications, and online at www.connection.com\/publicsector<\/a>.\n<\/p>\n

\n###\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201229005428\/en\/<\/a><\/span><\/p>\n

Corporate Communications Contact:
\n<\/b>
Lynn MacKenzie, 603.683.2278
\n
lynn.mackenzie@connection.com<\/a><\/p>\n

Investor Relations Contact:
\n<\/b>
Thomas Baker, 603.683.2505
\n
Senior Vice President, CFO, and Treasurer
\n
tom@connection.com<\/a><\/p>\n

KEYWORDS:<\/b> New Hampshire United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Networks Hardware Consumer Electronics Technology Software<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Connection (CNXN) Announces a Special Dividend to Shareholders MERRIMACK, N.H.–(BUSINESS WIRE)– Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, and education markets, today announced that its Board of Directors declared a special cash dividend of $.32 per share payable on January 29, 2021, to shareholders of record at the close of business on January 12, 2021. The total amount of the special dividend payment will be approximately $8.4 million based on the current number of shares outstanding. While Connection is pleased to be in a position to pay a special dividend again this year, any declaration of future cash dividends will depend upon its financial position, strategic plans, and general business conditions at … <\/p>\n

Continue reading “Connection (CNXN) Announces a Special Dividend to Shareholders”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-406326","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nConnection (CNXN) Announces a Special Dividend to Shareholders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/connection-cnxn-announces-a-special-dividend-to-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Connection (CNXN) Announces a Special Dividend to Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Connection (CNXN) Announces a Special Dividend to Shareholders MERRIMACK, N.H.–(BUSINESS WIRE)– Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, and education markets, today announced that its Board of Directors declared a special cash dividend of $.32 per share payable on January 29, 2021, to shareholders of record at the close of business on January 12, 2021. The total amount of the special dividend payment will be approximately $8.4 million based on the current number of shares outstanding. 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