PCTEL Declares Regular Quarterly Dividend

Rhea-AI Summary

PCTEL, Inc. (PCTI) has declared a quarterly dividend of $0.055 per share, set to be paid on February 15, 2022, to shareholders of record by February 8, 2022. The company views these payments as a return of capital for U.S. tax purposes. This dividend announcement reflects PCTEL's commitment to returning value to its shareholders while maintaining a strong financial position.

Positive

• Quarterly dividend of $0.055 per share reflects commitment to shareholders.
• Dividend payment scheduled for February 15, 2022, signals company confidence.

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 February 15, 2022 to shareholders of record at the close of business on February 8, 2022.

The Company believes its 2022 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. © 2022 PCTEL, Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220121005055/en/

PCTEL Company Contact

Suzanne Cafferty

Vice President, Global Marketing

PCTEL, Inc.

(630) 339-2107

public.relations@pctel.co

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 the PCTI quarterly dividend?

PCTI has declared a quarterly dividend of $0.055 per share.

When will the PCTI dividend be paid?

The PCTI dividend will be payable on February 15, 2022.

What is the record date for the PCTI dividend?

The record date for the PCTI dividend is February 8, 2022.

What does the PCTI dividend represent for tax purposes?

The company believes the 2022 dividend payments will be a return of capital for U.S. income tax purposes.