CDW Corporation Declares Quarterly Dividend of $0.63 (NASDAQ:CDW)

CDW Corporation (NASDAQ:CDWGet Free Report) declared a quarterly dividend on Wednesday, February 4th. Investors of record on Wednesday, February 25th will be given a dividend of 0.63 per share by the information technology services provider on Tuesday, March 10th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, February 25th.

CDW has raised its dividend 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 24.3% meaning 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 $2.52 annual dividend with an expected future payout ratio of 25.1%.

CDW Stock Performance

NASDAQ CDW traded up $11.92 during midday trading on Wednesday, hitting $138.08. The company had a trading volume of 3,046,712 shares, compared to its average volume of 1,680,816. The firm has a fifty day simple moving average of $136.72 and a two-hundred day simple moving average of $151.75. CDW has a fifty-two week low of $123.08 and a fifty-two week high of $222.92. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 2.21. The stock has a market cap of $17.98 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 1.66 and a beta of 1.08.

CDW (NASDAQ:CDWGet Free Report) last released its earnings results on Wednesday, February 4th. The information technology services provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.13. CDW had a net margin of 4.76% and a return on equity of 51.89%. The business had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same quarter last year, the company earned $2.48 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that CDW will post 9.41 earnings per share for the current fiscal year.

CDW News Summary

Here are the key news stories impacting CDW this week:

CDW Company Profile

(Get Free Report)

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.

Further Reading

Dividend History for CDW (NASDAQ:CDW)

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