PC-Tel, Inc. (NASDAQ:PCTI) declared a quarterly dividend on Friday, April 27th, RTT News reports. Stockholders of record on Tuesday, May 8th will be given a dividend of 0.055 per share by the Wireless communications provider on Tuesday, May 15th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.08%.

PCTI opened at $7.15 on Friday. PC-Tel has a 12-month low of $5.65 and a 12-month high of $8.48. The firm has a market cap of $128.60, a PE ratio of 64.46 and a beta of 0.56.

PC-Tel (NASDAQ:PCTI) last posted its quarterly earnings results on Thursday, March 15th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. PC-Tel had a return on equity of 2.15% and a net margin of 4.09%. The business had revenue of $23.30 million for the quarter, compared to the consensus estimate of $23.73 million. During the same quarter in the prior year, the company earned $0.08 EPS. research analysts forecast that PC-Tel will post 0.21 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on PCTI shares. Zacks Investment Research downgraded PC-Tel from a “buy” rating to a “hold” rating in a research report on Saturday, April 21st. B. Riley reaffirmed a “buy” rating on shares of PC-Tel in a research report on Monday, March 12th.

About PC-Tel

PCTEL, Inc, together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company operates in two segments, Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things.

Dividend History for PC-Tel (NASDAQ:PCTI)

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