PCTEL Declares Regular Quarterly Dividend

Rhea-AI Summary

PCTEL, Inc. (NASDAQ: PCTI) has declared a quarterly dividend of $0.055 per share on its common stock, payable on February 15, 2023, to shareholders of record as of February 8, 2023. This dividend is viewed as a return of capital for U.S. income tax purposes. PCTEL specializes in wireless technology solutions including Industrial IoT devices and antenna systems, serving the market for over 25 years. For further details on the dividend, the IRS Form 8937 can be accessed through their website.

Positive

• Quarterly dividend declared at $0.055 per share.
• Dividend payment indicates strong capital return strategy.

Negative

• None.

BLOOMINGDALE, Ill.--(BUSINESS WIRE)-- PCTEL, Inc. (Nasdaq: PCTI), a leading global provider of wireless technology solutions, announced today the declaration of its regular quarterly dividend of $0.055 per share on its common stock. This dividend will be payable on February 15, 2023 to shareholders of record at the close of business on February 8, 2023.

The Company believes its 2023 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 connectivity solutions, including purpose-built Industrial IoT devices, antenna systems, and test and measurement products. 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. © 2023 PCTEL, Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230120005478/en/

PCTEL Company Contact

Suzanne Cafferty

Vice President, Global Marketing

PCTEL, Inc.

(630) 339-2107

public.relations@pctel.com



PCTEL Investor Relations Contact

Lisa Fortuna or Ashley Gruenberg

Alpha IR Group

312-445-2870

PCTI@alpha-ir.com

Source: PCTEL, Inc.

FAQ

What is PCTI's dividend amount for Q1 2023?

PCTI has declared a dividend of $0.055 per share for Q1 2023.

When is the dividend payment date for PCTI?

The dividend will be paid on February 15, 2023.

Who are eligible shareholders for PCTI's dividend?

Shareholders of record as of February 8, 2023, are eligible for the dividend.

What is the significance of PCTI's dividend declaration?

The dividend is considered a return of capital for U.S. income tax purposes.