PCTEL Declares Regular Quarterly Dividend

Rhea-AI Summary

PCTEL, Inc. (NASDAQ: PCTI) has announced a regular quarterly dividend of $0.055 per share, payable on August 15, 2022, to shareholders on record as of August 8, 2022. The company expects these payments to qualify as a return of capital for U.S. income tax purposes. For further details, shareholders can refer to IRS Form 8937 on the company's website.

Positive

• Regular quarterly dividend of $0.055 per share indicates financial stability and shareholder return.

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 August 15, 2022 to shareholders of record at the close of business on August 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 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. © 2022 PCTEL, Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220722005001/en/

Suzanne Cafferty

Vice President, Global Marketing & Product Management

PCTEL, Inc.

(630) 339-2107

public.relations@pctel.com

Source: PCTEL, Inc.

FAQ

What is the dividend amount declared by PCTI?

PCTI declared a quarterly dividend of $0.055 per share.

When is PCTI's dividend payment date?

The dividend will be payable on August 15, 2022.

Who is eligible to receive PCTI's dividend?

Shareholders of record as of August 8, 2022, are eligible to receive the dividend.

What type of dividend is PCTI offering in 2022?

The 2022 dividends are expected to be classified as a return of capital for U.S. income tax purposes.