What is the amount of the quarterly cash dividend declared by CDW Corporation?

CDW Corporation has declared a quarterly cash dividend of $0.625 per common share.

When will CDW Corporation pay the declared dividend and who will receive it?

The dividend will be paid on December 10, 2024, to stockholders of record as of November 25, 2024.

How does the newly declared dividend compare to last year's dividend?

The dividend represents approximately a 1 percent increase over last year's dividend and is aligned with a target of 25 percent of the trailing-twelve-month Non-GAAP net income.

What are the key components of CDW's capital allocation strategy and how much has it returned to stockholders?

CDW's capital allocation strategy includes dividends, share repurchases, strategic M&A, and managing its capital structure, having returned approximately $6.9 billion to stockholders through these methods.

CDW Increases Quarterly Cash Dividend 1% to $0.625 Per Share

Q: What has been the trend in dividend payments for CDW Corporation since its IPO?

Since its IPO in June 2013, CDW's dividend has increased nearly fifteen-fold with eleven consecutive years of increases.

10/30/24 7:05:00 AM ET

$CDW

Catalog/Specialty Distribution

Consumer Discretionary

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Reinforces Ongoing Commitment to Delivering Value to Stockholders

CDW Corporation (NASDAQ:CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada, today announced that its Board of Directors has declared a quarterly cash dividend of $0.625 per common share to be paid on December 10, 2024 to all stockholders of record as of the close of business on November 25, 2024. This amount represents approximately a 1 percent increase over last year's dividend and is aligned with the target of 25 percent of the trailing-twelve-month Non-GAAP net income through September 30, 2024. Future dividends will be subject to Board of Director approval.

"Dividends represent an important component of our capital allocation priorities, along with share repurchases, strategic M&A and managing our capital structure." said Albert J. Miralles, chief financial officer, CDW. "Since our IPO in June 2013, our dividend has increased nearly fifteen-fold, with eleven consecutive years of increases, and we have returned approximately $6.9 billion to stockholders through share repurchases and dividends. Our capital allocation strategy has enabled us to deliver value to our stockholders, just as we have delivered value to our customers and partners for 40 years."

About CDW

CDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. A Fortune 500 company and member of the S&P 500 Index, CDW helps its customers to navigate an increasingly complex IT market and maximize return on their technology investments. For more information about CDW, please visit www.CDW.com.

Forward-Looking Statements

Statements in this release that are not statements of historical fact are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the future dividends, earnings growth, capital allocation and other strategic plans of CDW. These forward-looking statements are subject to risks and uncertainties that may cause actual results or events to differ materially from those described in such statements. Although CDW believes that its plans, intentions and other expectations reflected in or suggested by such forward-looking statements are reasonable, it can give no assurance that it will achieve those plans, intentions or expectations. Reference is made to a more complete discussion of forward-looking statements and applicable risks contained under the captions "Forward-Looking Statements" and "Risk Factors" in CDW's Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent filings with the SEC. CDW undertakes no obligation to update or revise any of its forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

CDWPR-FI

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Date	Price Target	Rating	Analyst
11/15/2024	$230.00	Buy	Redburn Atlantic
10/28/2024	$260.00 → $235.00	Overweight → Neutral	JP Morgan
10/1/2024	$250.00 → $245.00	Buy → Neutral	Citigroup
6/7/2024		Neutral → Buy	Northcoast
12/12/2023	$216.00	Overweight → Equal-Weight	Morgan Stanley
10/3/2023	$237.00	Buy	UBS
7/18/2023	$198.00	Equal Weight	Barclays
6/30/2023	$205.00	Buy	Citigroup

CDW Increases Quarterly Cash Dividend 1% to $0.625 Per Share

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Q&A

What is the amount of the quarterly cash dividend declared by CDW Corporation?

When will CDW Corporation pay the declared dividend and who will receive it?

How does the newly declared dividend compare to last year's dividend?

What has been the trend in dividend payments for CDW Corporation since its IPO?

What are the key components of CDW's capital allocation strategy and how much has it returned to stockholders?

Recent Analyst Ratings for
$CDW

CDW Increases Quarterly Cash Dividend 1% to $0.625 Per Share

Chat with this insight

Q&A

What is the amount of the quarterly cash dividend declared by CDW Corporation?

When will CDW Corporation pay the declared dividend and who will receive it?

How does the newly declared dividend compare to last year's dividend?

What has been the trend in dividend payments for CDW Corporation since its IPO?

What are the key components of CDW's capital allocation strategy and how much has it returned to stockholders?

Recent Analyst Ratings for $CDW

Recent Analyst Ratings for
$CDW