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CDW Increases Quarterly Cash Dividend 1% to $0.625 Per Share

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CDW has announced a quarterly cash dividend increase of 1% to $0.625 per share, payable on December 10, 2024, to stockholders of record as of November 25, 2024. The dividend aligns with the company's target of 25% of trailing-twelve-month Non-GAAP net income through September 30, 2024. Since its IPO in 2013, CDW's dividend has grown nearly fifteen-fold with eleven consecutive years of increases. The company has returned approximately $6.9 billion to stockholders through share repurchases and dividends.

CDW ha annunciato un aumento del dividendo in contante trimestrale dell'1% a $0,625 per azione, che sarà pagato il 10 dicembre 2024, agli azionisti registrati il 25 novembre 2024. Il dividendo è in linea con l'obiettivo dell'azienda di raggiungere il 25% dell'utile netto Non-GAAP degli ultimi dodici mesi fino al 30 settembre 2024. Dalla sua IPO nel 2013, il dividendo di CDW è cresciuto quasi quindici volte con undici anni consecutivi di aumenti. L'azienda ha restituito circa $6,9 miliardi agli azionisti attraverso riacquisti di azioni e dividendi.

CDW ha anunciado un aumento del dividendo en efectivo trimestral del 1% a $0,625 por acción, que se pagará el 10 de diciembre de 2024, a los accionistas registrados a partir del 25 de noviembre de 2024. El dividendo está en línea con el objetivo de la empresa del 25% de los ingresos netos no GAAP de los últimos doce meses hasta el 30 de septiembre de 2024. Desde su OPI en 2013, el dividendo de CDW ha crecido casi quince veces con once años consecutivos de aumentos. La empresa ha devuelto aproximadamente $6,9 mil millones a los accionistas a través de recompras de acciones y dividendos.

CDW는 분기 현금 배당금을 1% 인상하여 $0.625 per 주로 조정하고, 2024년 12월 10일에 2024년 11월 25일 기준의 주주에게 지불할 것이라고 발표했습니다. 이 배당금은 2024년 9월 30일까지의 지난 12개월 동안의 비GAAP 순이익의 25% 목표와 일치합니다. CDW는 2013년 IPO 이후로 배당금이 거의 15배 증가했으며, 11년 연속으로 배당금이 상승했습니다. 이 회사는 주식 매입과 배당금을 통해 주주에게 약 $6.9 billion을 반환했습니다.

CDW a annoncé une augmentation de 1 % de son dividende en espèces trimestriel, le portant à $0,625 par action, qui sera versé le 10 décembre 2024 aux actionnaires enregistrés au 25 novembre 2024. Le dividende est en ligne avec l'objectif de l'entreprise de 25 % du bénéfice net Non-GAAP des douze derniers mois jusqu'au 30 septembre 2024. Depuis son introduction en bourse en 2013, le dividende de CDW a presque quintuplé, avec onze années consécutives d'augmentation. L'entreprise a restitué environ $6,9 milliards aux actionnaires par le biais de rachats d'actions et de dividendes.

CDW hat eine Erhöhung der vierteljährlichen Bardividende um 1% auf $0,625 pro Aktie angekündigt, die am 10. Dezember 2024 an die zum Stichtag am 25. November 2024 eingetragenen Aktionäre ausgezahlt wird. Die Dividende entspricht dem Ziel des Unternehmens von 25% des Non-GAAP-Nettogewinns der letzten zwölf Monate bis zum 30. September 2024. Seit seinem Börsengang im Jahr 2013 ist die Dividende von CDW fast fünfzehnmal gewachsen, und das Unternehmen hat elf aufeinanderfolgende Jahre mit Erhöhungen verzeichnet. Das Unternehmen hat den Aktionären durch Aktienrückkäufe und Dividenden etwa $6,9 Milliarden zurückgegeben.

Positive
  • 1% increase in quarterly dividend to $0.625 per share
  • Eleven consecutive years of dividend increases
  • $6.9 billion returned to stockholders through dividends and share repurchases
  • Dividend has grown nearly fifteen-fold since 2013 IPO
Negative
  • Modest 1% dividend increase may not keep pace with inflation

Reinforces Ongoing Commitment to Delivering Value to Stockholders

VERNON HILLS, Ill.--(BUSINESS WIRE)-- 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 $0.625 per common share to be paid on December 10, 2024 to all stockholders of record as of the close of business on November 25, 2024. This amount represents approximately a 1 percent increase over last year's dividend and is aligned with the target of 25 percent of the trailing-twelve-month Non-GAAP net income through September 30, 2024. Future dividends will be subject to Board of Director approval.

"Dividends represent an important component of our capital allocation priorities, along with share repurchases, strategic M&A and managing our capital structure." said Albert J. Miralles, chief financial officer, CDW. "Since our IPO in June 2013, our dividend has increased nearly fifteen-fold, with eleven consecutive years of increases, and we have returned approximately $6.9 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

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

Source: CDW Corporation

FAQ

What is CDW's new quarterly dividend amount for 2024?

CDW's new quarterly dividend is $0.625 per share, representing a 1% increase from the previous year.

When will CDW pay its next dividend?

CDW will pay its quarterly dividend on December 10, 2024, to stockholders of record as of November 25, 2024.

How much has CDW returned to shareholders since its IPO?

CDW has returned approximately $6.9 billion to stockholders through share repurchases and dividends since its IPO in June 2013.

What is CDW's dividend target as a percentage of earnings?

CDW targets a dividend payout of 25% of trailing-twelve-month Non-GAAP net income through September 30, 2024.

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