Dividend Action: Can PC-Tel, Inc. (NASDAQ:PCTI) truly back claims of $0.05 dividends by Nov 15, 2016?

Dividend Action: Can PC Tel, Inc. (NASDAQ:PCTI) truly back claims of $0.05 dividends by Nov 15, 2016?

PC-Tel, Inc. (NASDAQ:PCTI) is expected to pay $0.05 on Nov 15, 2016. The indicated annual dividend is $0.20. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on PC-Tel, Inc.’s current price of $5.16, the dividend is 0.97%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 25, 2016. The stock decreased 0.96% or $0.05 on November 2, hitting $5.16. PC Tel Inc (NASDAQ:PCTI) has risen 8.42% since April 1, 2016 and is uptrending. It has outperformed by 7.21% the S&P500.

PCTEL, Inc. delivers telecom solutions. The company has a market cap of $89.39 million. The Firm operates in two divisions: Connected Solutions and RF Solutions. It currently has negative earnings. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks.

Insitutional Activity: The institutional sentiment decreased to 0.57 in 2016 Q2. Its down 0.16, from 0.73 in 2016Q1. The ratio fall, as 6 funds sold all PC Tel Inc shares owned while 15 reduced positions. 5 funds bought stakes while 7 increased positions. They now own 12.49 million shares or 3.30% less from 12.91 million shares in 2016Q1.
Blackrock Invest Ltd Com has invested 0% of its portfolio in PC Tel Inc (NASDAQ:PCTI). Menta Capital Limited has 22,323 shares for 0.01% of their US portfolio. Financial Bank Of Montreal Can accumulated 0% or 11 shares. Moreover, California Pub Employees Retirement has 0% invested in PC Tel Inc (NASDAQ:PCTI) for 50,050 shares. Moreover, Blackrock Advsr Limited Co has 0% invested in PC Tel Inc (NASDAQ:PCTI) for 12,538 shares. Walleye Trading Limited Liability Company has 0% invested in the company for 1,500 shares. Blackrock Fund holds 44,785 shares or 0% of its portfolio. Teton last reported 73,135 shares in the company. Invesco Limited holds 0% of its portfolio in PC Tel Inc (NASDAQ:PCTI) for 27,750 shares. Perritt Cap Mgmt accumulated 0.77% or 622,000 shares. Jacobs Levy Equity Inc last reported 58,617 shares in the company. Dimensional Fund Advisors Ltd Partnership owns 1.52 million shares or 0% of their US portfolio. Renaissance Techs Limited Co reported 1.17 million shares or 0.01% of all its holdings. Northern Trust Corp reported 462,928 shares or 0% of all its holdings. Awm Investment Com Incorporated holds 0.32% of its portfolio in PC Tel Inc (NASDAQ:PCTI) for 316,403 shares.

Insider Transactions: Since May 11, 2016, the stock had 1 insider buy, and 0 selling transactions for $119,465 net activity. Shares for $119,465 were bought by SINGER MARTIN H on Wednesday, May 11.

More important recent PC Tel Inc (NASDAQ:PCTI) news were published by: Businesswire.com which released: “PCTEL Promotes Rishi Bharadwaj to Senior Vice President and General Manager” on November 02, 2016, also Businesswire.com published article titled: “PCTEL Promotes Jeff Miller to Senior Vice President, Global Sales”, Businesswire.com published: “PCTEL and iBwave to Streamline In-Building Wireless Network Testing” on August 31, 2015. More interesting news about PC Tel Inc (NASDAQ:PCTI) was released by: Businesswire.com and their article: “PCTEL Launches MIMO Multiband Antennas at Cisco Live” with publication date: June 09, 2015.

PCTI Company Profile

PCTEL, Inc. (PCTEL), incorporated on July 6, 1998, delivers telecom solutions. The Firm operates in two divisions: Connected Solutions and RF Solutions. PCTEL RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment creates and delivers antennas and site solutions for wireless networks globally. The Company’s antennas support wireless standards for cellular, private and broadband networks. PCTEL antennas and site solutions support networks across the world, including Supervisory Control and Data Acquisition (SCADA) for oil, gas and utilities, fleet management, industrial operations, healthcare, small cell and network timing deployment, defense, public safety, education and broadband access.

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