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 May 13, 2022, to shareholders of record by May 6, 2022. The company indicates that these payments will qualify as a return of capital for U.S. income tax purposes. Further details can be found in IRS Form 8937 available on their website.

Positive

• Quarterly dividend of $0.055 per share announced.
• Dividend payment date set for May 13, 2022.

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 May 13, 2022 to shareholders of record at the close of business on May 6, 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/20220421005200/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 dividend amount for PCTI in 2022?

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

When is the dividend payment date for PCTI?

The dividend will be payable on May 13, 2022.

What is the record date for PCTI's dividend?

Shareholders must be on record by May 6, 2022, to receive the dividend.

How will the 2022 dividends be classified for tax purposes?

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