CDW Corporation (CDW) to Issue Quarterly Dividend of $0.63 on March 10th

CDW Corporation (NASDAQ:CDW) declared a quarterly dividend on Wednesday, February 4th. Investors of record on Wednesday, February 25th will be given a dividend of 0.63 per share by the information technology services provider on Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, February 25th.

CDW has raised 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% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect CDW to earn $10.05 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 25.1%.

CDW Stock Performance

CDW stock opened at $124.64 on Monday. The firm has a market capitalization of $16.23 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.73 and a beta of 1.08. The stock has a fifty day moving average price of $133.31 and a two-hundred day moving average price of $147.75. CDW has a 52-week low of $119.83 and a 52-week high of $192.82. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.18 and a quick ratio of 1.10.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, February 4th. The information technology services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.44 by $0.13. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.33 billion. CDW had a net margin of 4.76% and a return on equity of 50.66%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.48 EPS. As a group, analysts anticipate that CDW will post 9.41 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Sona Chawla sold 7,400 shares of CDW stock in a transaction on Monday, December 8th. The stock was sold at an average price of $146.17, for a total value of $1,081,658.00. Following the completion of the sale, the insider directly owned 28,110 shares of the company’s stock, valued at approximately $4,108,838.70. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On CDW

Several hedge funds have recently added to or reduced their stakes in CDW. New Mexico Educational Retirement Board raised its holdings in CDW by 1.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 6,050 shares of the information technology services provider’s stock worth $824,000 after purchasing an additional 100 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of CDW during the 3rd quarter worth approximately $26,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of CDW by 15.5% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,427 shares of the information technology services provider’s stock worth $255,000 after buying an additional 192 shares during the last quarter. Empowered Funds LLC lifted its holdings in CDW by 1.2% in the first quarter. Empowered Funds LLC now owns 18,076 shares of the information technology services provider’s stock valued at $2,897,000 after buying an additional 216 shares during the period. Finally, Covestor Ltd lifted its holdings in CDW by 87.9% in the third quarter. Covestor Ltd now owns 483 shares of the information technology services provider’s stock valued at $77,000 after buying an additional 226 shares during the period. Institutional investors own 93.15% of the company’s stock.

About CDW

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.