CDW Co. (CDW) To Go Ex-Dividend on February 25th

CDW Co. (NASDAQ:CDW) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Tuesday, February 25th will be given a dividend of 0.625 per share by the information technology services provider on Tuesday, March 11th. This represents a $2.50 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, February 25th.

CDW has increased its dividend by an average of 13.5% per year over the last three years. CDW has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CDW to earn $9.33 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 26.8%.

CDW Stock Down 3.0 %

Shares of NASDAQ:CDW opened at $199.86 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.40 and a quick ratio of 1.28. The business has a 50 day simple moving average of $183.54 and a two-hundred day simple moving average of $202.63. CDW has a 1 year low of $168.43 and a 1 year high of $263.37. The firm has a market capitalization of $26.63 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 5.39 and a beta of 1.01.

CDW (NASDAQ:CDW) last released its earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.07. CDW had a return on equity of 58.31% and a net margin of 5.33%. On average, equities analysts predict that CDW will post 8.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of CDW from $193.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Thursday. Barclays lifted their target price on shares of CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. cut shares of CDW from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $260.00 to $235.00 in a research note on Monday, October 28th. Redburn Atlantic assumed coverage on shares of CDW in a research note on Friday, November 15th. They issued a “buy” rating and a $230.00 price target on the stock. Finally, UBS Group dropped their price target on shares of CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, CDW has a consensus rating of “Moderate Buy” and an average price target of $242.67.

CDW declared that its board has initiated a share repurchase program on Wednesday, February 5th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the information technology services provider to purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

CDW Company Profile

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.