Dicker Data Ltd (ASX: DDR) shareholders will be a little richer today as the company pays out its latest dividend.
The IT distributor is rewarding eligible investors with a fully franked interim dividend of 13 cents per share.
At the time of writing, the Dicker Data share price is up 0.48% to $12.52.
For context, the S&P/ASX 200 Index (ASX: XJO) is also heading north to edge 0.2% higher to 7,469.2 points.
Let’s take a look at all the details regarding the Dicker Data dividend.
Dicker Data pays out interim dividend
Dicker Data delivered a solid performance for its first quarter trading update for the 2022 financial year.
In summary, Dicker Data reported strong numbers across the board, delivering a 50.5% increase in revenue to $673.6 million.
On the bottom line, net profit before tax lifted 22.7% to $23.8 million.
Underpinning the robust result was a combination of organic growth and a full quarter contribution from the Exeed acquisition. The latter had not been a part of the business in the comparative period.
Nonetheless, the biggest win for shareholders came from the board’s decision to increase the interim dividend by 44% over Q1 FY21. This reflects the highest quarterly dividend in the company’s history.
When calculating against the current share price, Dicker Data is trailing on a forecast dividend yield of 3.83%.
Dicker Data share price snapshot
Over the past 12 months, the Dicker Data share price has risen 16% on the back of strong investor sentiment.
However, numerous market shocks in 2022 following the Russian war in Ukraine and steep inflationary movements impacted the company’s shares.
At current, Dicker Data shares are down 16% for the first six months of the year.
The company has a price-to-earnings (P/E) ratio of 28.17 and commands a market capitalisation of roughly $2.16 billion.
The post The Dicker Data dividend is being paid today. Here’s what you need to know appeared first on The Motley Fool Australia.
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Motley Fool contributor Aaron Teboneras has positions in Dicker Data Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Dicker Data Limited. The Motley Fool Australia has positions in and has recommended Dicker Data Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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