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PCTEL, Inc. (Nasdaq: PCTI) has authorized a share repurchase program allowing the company to buy back up to $5 million of common stock through the end of 2021. This initiative reflects the Board's confidence in the company's future and commitment to enhancing shareholder value. With approximately 18.7 million shares outstanding as of October 31, 2020, the program aims to utilize funds from a strong balance sheet while continuing to support regular dividends and growth strategies.
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.
PCTEL (Nasdaq: PCTI) announced it will release its Q3 2020 financial results on November 5, 2020, followed by a conference call at 4:30 p.m. ET. The call will feature CEO David Neumann and CFO Kevin McGowan. Interested participants can join via phone or webcast. The replay will be available for two weeks post-call. PCTEL specializes in wireless technology, including Industrial IoT devices, antenna systems, and test and measurement solutions.