QXO, Inc. (QXO)
QXO, Inc. is a technology company that develops and provides innovative solutions, focusing on digital infrastructure and tools to enhance connectivity and data management. The company aims to leverage emerging technologies to deliver scalable products and services tailored to various industries.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| June 12, 2024 | $3.27 | 2024-06-05 | 2024-06-05 |
Dividends Summary
- QXO, Inc. has issued 1 dividend payments over the past 0 years
- The most recent dividend was paid 497 days ago, on June 12, 2024
- The highest dividend payed out to investors during this period was $3.27 per share
- The average dividend paid during this period was $3.27 per share.
Company News
Jim Cramer discusses his views on several stocks, including QXO, Gentex, Energy Transfer, and The Trade Desk. He believes QXO can go higher and Gentex is a good company that has fallen too low. Cramer prefers ONEOK over Energy Transfer and regrets not telling investors to buy The Trade Desk after a tough quarter.
QXO, a building products distribution company, is raising $1 billion through a stock and convertible offering to repay debt and fund future acquisitions. While this will dilute existing shareholders in the near term, the company's long-term strategy of consolidating the fragmented market and using technology to expand margins is seen as positive.
QXO, Inc. announced that it will transfer the listing of its common stock to the New York Stock Exchange from the Nasdaq Stock Market. The company expects to begin trading on the NYSE on January 17, 2025.
QXO Inc. has secured $620 million through a private placement of shares, including a $150 million investment from Affinity Partners. The company plans to use the funds for strategic acquisitions and expansion in the $800 billion building products distribution industry.