An initial quarterly cash dividend of 12.5 cents per common share will be payable on October 31, 2014 to shareholders of record as of the close of business on October 17, 2014.
After the market closed Monday, the company also reported $3.535 billion in third-quarter revenue, up 29.3% from the same period one year earlier. Operating income totaled $78.8 million, a 24.1% increase from the third quarter 2013.
Separately, TheStreet Ratings team rates SYNNEX CORP as a "buy" with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate SYNNEX CORP (SNX) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, attractive valuation levels, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows: