Dividends to Follow: Can Wayside Technology Group, Inc. (NASDAQ:WSTG) truly back claims of $0.17 dividends by Nov 18, 2016?

Dividends to Follow: Can Wayside Technology Group, Inc. (NASDAQ:WSTG) truly back claims of $0.17 dividends by Nov 18, 2016?

Wayside Technology Group, Inc. (NASDAQ:WSTG) is expected to pay $0.17 on Nov 18, 2016. The indicated annual dividend is $0.68. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on Wayside Technology Group, Inc.’s current price of $17.00, the dividend is 1.00%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 28, 2016. The stock increased 0.29% or $0.05 on November 2, hitting $17. Wayside Technology Group, Inc. (NASDAQ:WSTG) has risen 0.12% since April 1, 2016 and is uptrending. It has underperformed by 1.10% the S&P500.

Wayside Technology Group, Inc. is an information technology channel company. The company has a market cap of $80.50 million. The Firm operates through two divisions: Lifeboat Distribution and TechXtend. It has a 13.65 P/E ratio. The Lifeboat Distribution segment distributes technical software to corporate resellers, value added resellers, consultants and systems integrators around the world.

Insitutional Activity: The institutional sentiment increased to 2 in Q2 2016. Its up 0.33, from 1.67 in 2016Q1. The ratio is positive, as 2 funds sold all Wayside Technology Group, Inc. shares owned while 5 reduced positions. 1 funds bought stakes while 13 increased positions. They now own 1.56 million shares or 0.31% less from 1.56 million shares in 2016Q1.
Blackrock Fund Advsrs, a California-based fund reported 773 shares. Morgan Stanley has 400 shares for 0% of their US portfolio. Renaissance Techs Limited Co holds 0.01% or 226,800 shares in its portfolio. Acadian Asset Mgmt Limited Co has 8,498 shares for 0% of their US portfolio. Dimensional Fund Advisors Lp owns 110,910 shares or 0% of their US portfolio. The Illinois-based Lsv Asset Mgmt has invested 0% in Wayside Technology Group, Inc. (NASDAQ:WSTG). Vanguard Group Inc Incorporated holds 70,616 shares or 0% of its portfolio. Northern Trust has 28,088 shares for 0% of their US portfolio. Eagle Global last reported 0.01% of its portfolio in the stock. The North Carolina-based Bancorp Of America De has invested 0% in Wayside Technology Group, Inc. (NASDAQ:WSTG). Seizert Prtnrs accumulated 0.02% or 23,489 shares. Blackrock Institutional Tru Na holds 0% of its portfolio in Wayside Technology Group, Inc. (NASDAQ:WSTG) for 149,111 shares. Ativo Capital Mgmt Ltd Liability has invested 0.17% of its portfolio in Wayside Technology Group, Inc. (NASDAQ:WSTG). Bridgeway Capital holds 0.01% of its portfolio in Wayside Technology Group, Inc. (NASDAQ:WSTG) for 50,398 shares. Blackrock Mngmt Ltd Liability Corp has 0% invested in the company for 680 shares.

More notable recent Wayside Technology Group, Inc. (NASDAQ:WSTG) news were published by: Benzinga.com which released: “Wayside Technology Group Named one of New Jersey’s Top Company Cultures by …” on November 02, 2016, also Seekingalpha.com with their article: “Wayside Technology Group’s (WSTG) CEO Simon Nynens on Q3 2016 Results …” published on October 28, 2016, Finance.Yahoo.com published: “Wayside Technology posts 3Q profit” on October 28, 2016. More interesting news about Wayside Technology Group, Inc. (NASDAQ:WSTG) were released by: Reuters.com and their article: “BRIEF-Wayside Technology group appoints Michael Vesey as vice president an…” published on March 26, 2013 as well as Marketwired.com‘s news article titled: “Wayside Technology Group, Inc. Reports 2016 Third Quarter Results and Declares …” with publication date: October 27, 2016.

WSTG Company Profile

Wayside Technology Group, Inc., incorporated on September 30, 1982, is an information technology (IT) channel company. The Firm distributes software developed by others through resellers indirectly to clients around the world. The Firm operates through two divisions: Lifeboat Distribution and TechXtend. The Lifeboat Distribution segment distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators around the world. The TechXtend segment is a value-added reseller of software, hardware and services for firms, government organizations and academic institutions in the United States and Canada. The Company’s main Website address is www.waysidetechnology.com, and the other Websites maintained by the business include www.lifeboatdistribution.com and www.techxtend.com. The Firm also resells computer software and hardware developed by others and provides technical services directly to clients in the United States of and Canada. The Firm offers a line of products from publishers of software and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management and other technical domains, as well as computer hardware.

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