CDW Corporation (NASDAQ:CDW) Declares Dividend Increase – $0.63 Per Share

CDW Corporation (NASDAQ:CDW) declared a quarterly dividend on Tuesday, November 4th. Stockholders of record on Tuesday, November 25th will be paid a dividend of 0.63 per share by the information technology services provider on Wednesday, December 10th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, November 25th. This is a 0.8% increase from CDW’s previous quarterly dividend of $0.63.

CDW has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. CDW has a payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CDW to earn $10.05 per share next year, which means the company should continue to be able to cover its $2.50 annual dividend with an expected future payout ratio of 24.9%.

CDW Stock Performance

NASDAQ:CDW opened at $142.63 on Wednesday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.22 and a current ratio of 1.35. CDW has a 52-week low of $137.31 and a 52-week high of $222.92. The firm has a market cap of $18.69 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.57 and a beta of 1.03. The business’s fifty day moving average is $159.54 and its 200 day moving average is $168.99.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, August 6th. The information technology services provider reported $2.60 EPS for the quarter, topping the consensus estimate of $2.49 by $0.11. The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.51 billion. CDW had a return on equity of 53.63% and a net margin of 4.92%.The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.50 EPS. Research analysts predict that CDW will post 9.41 EPS for the current year.

About CDW

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.