PCTEL Declares Regular Quarterly Dividend

Rhea-AI Summary

PCTEL, Inc. (PCTI) has declared a quarterly dividend of $0.055 per share, scheduled for payment on November 15, 2022. Shareholders recorded by the close of business on November 8, 2022 will receive this dividend. The company states that the 2022 dividend payments will count as a return of capital for U.S. tax purposes. For further details, IRS Form 8937 is available on PCTEL's website.

Positive

• Quarterly dividend of $0.055 per share enhances shareholder income.
• Dividend payment reflects company's sustained commitment to returning capital to shareholders.

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, 2022 to shareholders of record at the close of business on November 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/20221021005009/en/

PCTEL Company Contact

Suzanne Cafferty

Vice President, Global Marketing & Product Management

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 the amount of the quarterly dividend declared by PCTI?

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

When will the dividend be paid to shareholders of PCTI?

The dividend will be paid on November 15, 2022.

What is the record date for the PCTI dividend?

The record date for the dividend is November 8, 2022.

What is the tax implication of the PCTI dividend?

The 2022 dividend payments will be considered a return of capital for U.S. tax purposes.