CDW Declares Quarterly Cash Dividend of $0.62 Per Share
31 July 2024 - 9:05PM
Business Wire
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 $0.62 per common share to be
paid on September 10, 2024 to all stockholders of record as of the
close of business on August 26, 2024. Future dividends will be
subject to Board of Director approval.
"Dividends and share repurchases continue to be an important
part of our capital allocation priorities, along with strategic
M&A and managing our capital structure. Our dividend and share
repurchases demonstrate our confidence in the earnings power and
cash flow generation of the business," said Albert J. Miralles,
chief financial officer, CDW. "Since our IPO in June 2013, our
dividend has increased nearly fifteen-fold and we have returned
approximately $6.7 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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Investor Inquiries Steven O’Brien
Vice President, Investor Relations (847) 968-0238
investorrelations@cdw.com
Media Inquires Sara Granack Vice
President, Corporate Communications (847) 419-7411
mediarelations@cdw.com
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