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PCTEL Declares Regular Quarterly Dividend

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PCTEL, Inc. (Nasdaq: PCTI) has declared its quarterly dividend of $0.055 per share on common stock, scheduled for payment on November 16, 2020 to shareholders of record by November 9, 2020. The company indicates that this dividend will serve as a return of capital for U.S. income tax purposes, as detailed in their IRS Form 8937 available on their website.

PCTEL is recognized for its innovative wireless technology solutions, including Industrial IoT devices, antenna systems, and test and measurement solutions.

Positive
  • Quarterly dividend of $0.055 per share supports investor returns.
  • Dividend payment scheduled for November 16, 2020, before year-end.
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  • None.

BLOOMINGDALE, Ill.--()--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 16, 2020 to shareholders of record at the close of business on November 9, 2020.

The Company believes its 2020 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. © 2020 PCTEL, Inc. All rights reserved.

Contacts

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

FAQ

What is the dividend amount declared by PCTI?

PCTI has declared a dividend of $0.055 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on November 16, 2020.

What is the record date for the dividend payment by PCTI?

The record date for the dividend payment is November 9, 2020.

What does PCTI say about the tax implications of the dividend?

PCTI noted that the dividend payments will be a return of capital for U.S. income tax purposes.

PCTEL, Inc.

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135.28M
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Communication Equipment
Technology
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United States
Bloomingdale