PCTEL Declares Regular Quarterly Dividend

Rhea-AI Summary

PCTEL, a global provider of wireless technology, announced a quarterly dividend of $0.055 per share on its common stock. This dividend is payable on November 15, 2021 to shareholders of record by November 8, 2021. The company asserts that the dividend payments in 2021 will be considered a return of capital for U.S. income tax purposes. For additional information, shareholders can refer to the IRS Form 8937 on PCTEL's website.

Positive

• Quarterly dividend of $0.055 per share indicates a commitment to returning capital to shareholders.
• Dividends may be considered a return of capital for U.S. tax purposes.

Negative

• None.

BLOOMINGDALE, Ill.--(BUSINESS WIRE)-- PCTEL, Inc. (Nasdaq: PCTI), a leading global provider of wireless technology, announced today the declaration of its regular quarterly dividend of $0.055 per share on its common stock. This dividend will be payable on November 15, 2021 to shareholders of record at the close of business on November 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/20211021005061/en/

PCTEL Company Contact

Suzanne Cafferty

Vice President, Global Marketing

PCTEL, Inc.

(630) 339-2107

public.relations@pctel.com

PCTEL Investor Relations Contact

Phillip Kupper

Three Part Advisors, LLC

(817) 778-8339

Pkupper@threepa.com

Source: PCTEL, Inc.

FAQ

What is the amount of PCTI's quarterly dividend?

PCTI's quarterly dividend is $0.055 per share.

When is the dividend payment date for PCTI?

The dividend payment date for PCTI is November 15, 2021.

What is the record date for PCTI's dividend?

The record date for PCTI's dividend is November 8, 2021.

Will PCTI's dividend be considered a return of capital?

Yes, PCTI believes that its 2021 dividend payments will be a return of capital for U.S. income tax purposes.