SYNNEX Corporation (SNX) will raise its quarterly dividend by 20.0 percent to $0.30 per share. The dividend will be payable on October 27, 2017 to stockholders of record as of the close of business on October 13, 2017.

SYNNEX Corporation is a business process services company, providing distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement strategy to a broad range of enterprises. Founded in 1980, SYNNEX Corporation has operations in North and South America, Asia-Pacific and Europe. In 1994 the company changed its name from Compac to SYNNEX (SYNNEX = Synergy + Nexus) and in 2003 SYNNEX became a public company through its Initial Public Offering on the New York Stock Exchange.