CDW Corporation (CDW) to Distribute Quarterly Dividend of $0.63 on September 10th

CDW Corporation (NASDAQ:CDW) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, August 25th will be paid a dividend of 0.63 per share by the information technology services provider on Thursday, September 10th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, August 25th.

CDW has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 10 years. CDW has a payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect CDW to earn $11.27 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 22.4%.

CDW Trading Up 1.3%

CDW opened at $141.97 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.06 and a current ratio of 1.17. The stock’s 50 day moving average price is $135.78 and its 200-day moving average price is $127.64. CDW has a one year low of $97.12 and a one year high of $171.55. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 1.86 and a beta of 0.96.

CDW (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.11. CDW had a return on equity of 50.61% and a net margin of 4.60%.The firm had revenue of $6.57 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period last year, the company earned $2.60 EPS. CDW’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities analysts forecast that CDW will post 10.21 EPS for the current year.

Insider Buying and Selling at CDW

In other CDW news, Director David W. Nelms acquired 18,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average cost of $111.43 per share, for a total transaction of $2,005,740.00. Following the completion of the purchase, the director owned 51,025 shares in the company, valued at approximately $5,685,715.75. This trade represents a 54.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On CDW

A number of institutional investors have recently added to or reduced their stakes in CDW. Fenimore Asset Management Inc raised its holdings in CDW by 0.8% in the fourth quarter. Fenimore Asset Management Inc now owns 1,150,567 shares of the information technology services provider’s stock worth $156,707,000 after purchasing an additional 9,485 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of CDW by 255.7% in the 3rd quarter. Marshall Wace LLP now owns 599,248 shares of the information technology services provider’s stock valued at $95,448,000 after buying an additional 430,796 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of CDW by 5,081.1% in the 1st quarter. Pacer Advisors Inc. now owns 549,247 shares of the information technology services provider’s stock worth $66,470,000 after buying an additional 538,646 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of CDW in the 2nd quarter worth approximately $44,850,000. Finally, BNP Paribas Financial Markets raised its stake in shares of CDW by 20.5% during the 4th quarter. BNP Paribas Financial Markets now owns 284,965 shares of the information technology services provider’s stock worth $38,812,000 after acquiring an additional 48,547 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

CDW Company Profile

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.