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 August 13, 2021, to shareholders of record as of August 6, 2021. This dividend is expected to be recognized as a return of capital for U.S. income tax purposes. PCTEL is recognized for providing wireless technology solutions, including Industrial IoT devices, antenna systems, and test and measurement solutions.

Positive

• Quarterly dividend declared at $0.055 per share.
• Dividend payment reflects company confidence in financial stability.

Negative

• None.

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 13, 2021 to shareholders of record at the close of business on August 6, 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/20210722005071/en/

FAQ

What is the dividend amount declared by PCTEL, Inc. (PCTI)?

PCTEL, Inc. has declared a quarterly dividend of $0.055 per share.

When will PCTEL's dividend be paid?

The dividend will be paid on August 13, 2021.

What is the record date for PCTEL's dividend?

The record date for the dividend is August 6, 2021.

How is PCTEL's dividend categorized for tax purposes?

The dividend payments are expected to be a return of capital for U.S. income tax purposes.