PCTEL Announces Change in First Quarter Dividend Payment Date to February 12, 2021

Rhea-AI Summary

PCTEL, Inc. (Nasdaq: PCTI) announced a change in the payment date for its quarterly dividend of $0.055 per share, now scheduled for February 12, 2021, for shareholders of record on February 8, 2021. This adjustment shifts the payment from the previously announced date of February 15, 2021. The company indicates that its 2021 dividend payments will constitute a return of capital for U.S. tax purposes, a detail that can be reviewed in IRS Form 8937 available on their website.

Positive

• Declaring a quarterly dividend of $0.055 per share demonstrates PCTI's commitment to returning value to shareholders.
• The anticipation of dividends as a return of capital may enhance investor interest.

Negative

• None.

PCTEL, Inc. (Nasdaq: PCTI), a leading global provider of wireless technology, today announced that the payment date for its quarterly dividend of $0.055 per share for shareholders of record at the close of business on February 8, 2021 has been changed to February 12, 2021 from February 15, 2021. The record date remains February 8, 2021.

The Company believes its 2021 dividend payments will be a return of capital for U.S. income tax purposes. See IRS Form 8937 posted on the Company’s website at http://investor.pctel.com/stock-information/dividends-IRSforms.

About PCTEL

PCTEL is a leading global provider of wireless technology, including purpose-built Industrial IoT devices, antenna systems, and test and measurement solutions. Trusted by our customers for over 25 years, we solve complex wireless challenges to help organizations stay connected, transform, and grow.

For more information, please visit our website at https://www.pctel.com/.

PCTEL® is a registered trademark of PCTEL, Inc. © 2021 PCTEL, Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210209005994/en/

FAQ

What is the new payment date for PCTI's dividend?

The new payment date for PCTI's dividend is February 12, 2021.

What is the amount of PCTI's quarterly dividend?

PCTI's quarterly dividend is $0.055 per share.

Who are eligible shareholders for the dividend?

Shareholders of record as of February 8, 2021, are eligible for the dividend.

How will PCTI's dividend be classified for tax purposes?

PCTI's 2021 dividend payments are expected to be classified as a return of capital for U.S. tax purposes.