TD SYNNEX (SNX) DIvidends Date & History

Key Takeaways

• TD SYNNEX Corporation (SNX) offers a modest forward dividend yield of approximately 0.9%, paid quarterly at $0.48 per share.
• The company has increased its dividend for five consecutive years, demonstrating commitment to shareholder returns.
• A low payout ratio of around 15% indicates strong sustainability, well-covered by earnings and free cash flow.
• Recent ex-dividend date was April 15, 2026, with payment on April 29, 2026.
• Compared to peers, SNX's yield is competitive in the IT distribution sector.
• Robust free cash flow of $1.39 billion in fiscal 2025 supports ongoing dividend payments and potential growth.

Dividend Overview

TD SYNNEX Corporation (SNX), a leading distributor of IT hardware, software, and services, maintains a modest dividend profile suitable for investors seeking steady income with growth potential. The company pays a quarterly dividend of $0.48 per share, annualizing to $1.92, which translates to a forward yield of about 0.9% based on recent stock prices around $208. This positions SNX as neither a high-yield play nor a pure growth stock but rather a balanced option in the technology distribution space. The dividend policy emphasizes reliability, with payments consistently delivered quarterly since initiation post its 2021 merger forming TD SYNNEX.

Dividend History and Growth

TD SYNNEX has built a solid track record of dividend growth since becoming a public entity under its current name. The company has raised its payout for five consecutive years, with recent hikes including an increase from $0.44 to $0.48 per share in late 2025. Prior to the merger, legacy SYNNEX also paid dividends, but the modern streak reflects post-merger stability. No cuts have occurred in this period, underscoring consistency. The most recent ex-dividend date was April 15, 2026, with payment scheduled for April 29, 2026. This growth aligns with SNX's strategy to return capital amid expanding IT ecosystem demands.

Dividend Sustainability and Payout Ratio

The dividend appears highly sustainable, supported by a low payout ratio of approximately 15%, meaning only a fraction of earnings is distributed. This leaves ample room for reinvestment or future increases. Free cash flow (FCF), a key metric for cash generation after capital expenditures, reached $1.39 billion in fiscal 2025, easily covering the $173 million in recent dividends and buybacks. Dividend payments consumed just 30% of FCF last year. With manageable debt levels and positive operating cash flow of $1.5 billion in Q4 2025, SNX maintains financial stability in a cyclical sector.

Dividend Compared to Industry Peers

In the electronics and computer distribution industry, SNX's 0.9% yield is modest but attractive given its growth trajectory. Peer Avnet (AVT) offers a higher yield of about 2%, though with a elevated payout ratio near 55%. Arrow Electronics (ARW), another key competitor, pays no dividend, focusing instead on growth. Compared to the broader technology sector average, SNX provides a competitive profile for income-oriented investors, balancing yield with lower risk via conservative payouts.

AI Screener

Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener is particularly useful for identifying dividend stocks, income-focused investments, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. Explore it today to enhance your research process.

Is This Stock Attractive for Dividend Investors?

TD SYNNEX Corporation (SNX) may appeal to conservative dividend investors prioritizing sustainability over high yields. Its low 15% payout ratio and strong FCF coverage make it suitable for those seeking reliable quarterly income with modest growth potential. Long-term holders in the technology sector could value the five-year increase streak amid IT distribution tailwinds like cloud and AI demand. However, the sub-1% yield may not excite high-income seekers, and sector cyclicality—tied to PC and component sales—adds volatility. Balanced portfolios blending growth and income might find SNX a steady component, especially versus non-dividend peers like ARW. Overall, it suits patient investors focused on total return rather than immediate yield.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations