Press release
CDW Declares Quarterly Cash Dividend of $0.50 Per Share
Reinforces Ongoing Commitment to Delivering Value to Stockholders LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- CDW Corporation (Nasdaq: CDW), a leading multi-brand
About this update from Cdw Corporation
[{"type":"text","content":"\nReinforces Ongoing Commitment to Delivering Value to Stockholders\n\n LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--\nCDW 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 $0.50 per common share to be paid on September 9, 2022 to all stockholders of record as of the close of business on August 25, 2022. Future dividends will be subject to Board of Director approval.\n\n\"Dividends continue to be an important part of our capital allocation priorities, along with managing leverage to our target ratio, making strategic investments and share repurchases. Since our IPO in June 2013, our dividend has increased over 10-fold and we have returned approximately $5.4 billion to shareholders through share repurchases and dividends,\" said Albert J. Miralles, chief financial officer, CDW. \"We continue to intend to use cash flow after dividends to achieve our net leverage target range by the end of 2022.\"\n\nAbout CDW\n\nCDW Corporation (Nasdaq: CDW) 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 was founded in 1984 and employs approximately 14,600 coworkers. For the trailing twelve months ended June 30, 2022, CDW generated Net sales of approximately $23 billion. For more information about CDW, please visit www.CDW.com.\n\nForward-Looking Statements\n\nStatements 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, leverage ratio 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 giv...