Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for corporate and government institutions in the United States and Canada. Its solutions approach delivers advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The company engages in the networking, virtualization, storage, disaster recovery, and continuous replication of critical applications, infrastructure, data, and systems that assist clients in the deployment of data centres; assessment, design, architecture, and optimization of public and private cloud options; and provision of email, voice, and video communication technologies, as well as enterprise networking, security, and infrastructure products. It also offers desktop, laptops, computing peripherals, and other computing needs; mobile location-based technologies; and software solutions built using blockchain technology and solution architecture in the areas of privacy, access, and identity management. In addition, the company provides managed and hosted, cyber security, cloud computing and analytics, systems architecture, professional, staffing, and lifecycle and desktop recovery services. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Gatineau, Canada.
Converge Technology Solutions Dividend Announcement
• Converge Technology Solutions announced a quarterly dividend of $0.01 per ordinary share which will be made payable on 2024-12-28. Ex dividend date: 2024-12-10
• Converge Technology Solutions annual dividend for 2024 was $0.04
• Converge Technology Solutions annual dividend for 2023 was $0.02
• Converge Technology Solutions's trailing twelve-month (TTM) dividend yield is 1.7%
• Converge Technology Solutions's payout ratio for the trailing twelve months (TTM) is -6.13%
Converge Technology Solutions Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-12-10 | $0.01 | quarterly | 2024-12-28 |
| 2024-08-27 | $0.01 | quarterly | 2024-09-10 |
| 2024-05-22 | $0.01 | quarterly | 2024-06-06 |
| 2024-03-11 | $0.01 | quarterly | 2024-03-26 |
| 2023-12-12 | $0.01 | quarterly | 2023-12-28 |
| 2023-09-07 | $0.01 | quarterly | 2023-09-22 |
| 2023-06-08 | $0.01 | quarterly | 2023-06-16 |
Converge Technology Solutions Dividend per year
Converge Technology Solutions Dividend Yield
Converge Technology Solutions current trailing twelve-month (TTM) dividend yield is 1.7%. Interested in purchasing Converge Technology Solutions stock? Use our calculator to estimate your expected dividend yield:
Converge Technology Solutions Financial Ratios
Converge Technology Solutions Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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