Company News »

SYNNEX Corporation Initiates Quarterly Cash Dividend

Business Wire
Share on StockTwits
Published on

SYNNEX Corporation (NYSE:SNX) , a leading business process services company, today announced that its Board of Directors has approved the initiation of a quarterly cash dividend to shareholders of its common stock. An initial quarterly cash dividend of $0.125 per common share will be payable on October 31, 2014 to the shareholders of record as of the close of business on October 17, 2014.

“Over the years we’ve worked diligently to position SYNNEX for long-term sustainable profitable growth and, as a result of our success, we have made a decision to return a portion of our future cash flows to our shareholders on a regular basis in the form of a dividend,” stated Kevin Murai, President and Chief Executive Officer, SYNNEX Corporation.

About SYNNEX

SYNNEX Corporation (NYSE:SNX) , a Fortune 500 corporation, is a leading business process services company, optimizing supply chains and providing customer care solutions for its clients. The Company distributes a broad range of information technology systems and products, and also provides systems design and integration services. The Concentrix segment offers a portfolio of end-to-end outsourced services around process optimization, customer engagement strategy and back-office automation to clients in ten identified industry verticals. Founded in 1980, SYNNEX has over 50,000 employees worldwide. Additional information about SYNNEX may be found online at www.synnex.com.

Statements in this release that are forward-looking, such as the frequency and occurrence of dividend declarations, involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release.

Copyright 2014 SYNNEX Corporation. All rights reserved. SYNNEX, the SYNNEX Logo, and all other SYNNEX company, product and services names and slogans are trademarks or registered trademarks of SYNNEX Corporation. SYNNEX and the SYNNEX Logo Reg. U.S. Pat. & Tm. Off. Other names and marks are the property of their respective owners.

SNX-F

Share on StockTwits