The Dicker Data Ltd (ASX: DDR) share price has continued its strong run and hit another all-time high of $2.67 today.
This means the wholesale computer hardware company's shares have now gained almost 18% since the start of the year.
Why are its shares higher?
Its recent gains are likely to be related to a positive announcement last week which revealed that its distribution agreement with Symantec has been extended with immediate effect.
The new agreement means that Dicker Data will now be able to distribute the network security portfolio Symantec gained when it acquired Blue Coat last year.
The company appears to be especially pleased with the agreement due to enterprise security currently being a key point on the agenda of many organisations because of the rise of cyber-attacks.
Shareholders will no doubt hope this leads to a boost to earnings which allows the company to continue to grow its generous trailing fully franked 6% dividend.
