PC Connection, Inc. (PCCC) will pay a special dividend of $0.34 per share. Last year a $0.40 per share special dividend was paid.

The special dividend will be payable on January 12, 2017, to shareholders of record at the close of business on December 30, 2016. The total amount of the special dividend payment will be approximately $9.0 million based on the current number of shares outstanding. While Connection is pleased to be in a position to pay a special dividend again this year, any declaration of future cash dividends will depend upon its financial position, strategic plans, and general business conditions at the time.

Timothy McGrath, President and Chief Executive Officer said, "As reported, we earned record quarterly revenue and gross profit in the third quarter and generated significant positive cash flow in the nine months ended September 30, 2016. In addition, we completed two acquisitions this year: Softmart, expanding our software and cloud solutions capabilities; and GlobalServe, enhancing our ability to service customers on a global scale, and significantly increased shareholder value. The Company has successfully leveraged its assets and maintained a strong balance sheet. We believe that this special dividend is an additional way to reward shareholders for their support."

PC Connection is a provider of information technology solutions to business, government, and education markets.

At a stock price of $28.60 the $0.34 special dividend yields 1.2%.