Climb Global Solutions, Inc. Announces Quarterly Dividend of $0.17 (NASDAQ:CLMB)

Climb Global Solutions, Inc. (NASDAQ:CLMB) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.17 per share on Friday, March 21st. This represents a $0.68 annualized dividend and a yield of 0.57%.

Climb Global Solutions Stock Up 0.9 %

Shares of NASDAQ:CLMB opened at $118.81 on Thursday. The company’s fifty day moving average is $126.71 and its two-hundred day moving average is $115.78. Climb Global Solutions has a 12-month low of $49.69 and a 12-month high of $142.50. The company has a market cap of $547.36 million, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and set a $136.00 price target on shares of Climb Global Solutions in a report on Thursday, December 12th.

Climb Global Solutions Company Profile

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.