CDW Declares Quarterly Cash Dividend of $0.40 Per Share
Summary
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--CDW Corporation (Nasdaq:CDW), a leading multi-brand technology solutions provider 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 $0.40 per common share to be paid on December 10, 2020 to all stockholders of record as of the close of business on November 25, 2020. The increase reflects our strong liquidity position and the cash flow generation capability of CDWs business," said Collin B. Kebo, chief financial officer, CDW. " Dividends continue to be an important part of our capital allocation priorities, along with making strategic acquisitions, managing leverage to our target ratio and share repurchases." For the trailing twelve months ended September 30, 2020, CDW generated Net sales over $18 billion. 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.