CDW Corporation Buyback
OLI recorded this information on 2/7/2024
Company:
CDW Corporation
Buyback:
CDW buyback
$Amount Authorized:
$750,000,000
Buyback Details:
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 authorized a $750 million increase to the company's share repurchase program and declared a quarterly cash dividend. The cash dividend of $0.62 per common share will be paid on March 12, 2024 to all stockholders of record as of the close of business on February 26, 2024. This amount represents a 5 percent increase over last year's dividend.
CDW is a holding company. Through its subsidiaries, Co. provides information technology solutions. Co.'s hardware products include notebooks/mobile devices (including tablets), network communications, desktop computers, video monitors, enterprise and data storage, and other hardware. Co.'s software products include application suites, security, virtualization, operating systems and network management. Co.'s services include advisory and design, software development, implementation, managed services and warranties. Co. provides public cloud solutions, which reside off customer premises on a public (shared) infrastructure, and private cloud solutions, which reside on customer premises.
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Buy (3.18 out of 4) 38th percentile
(ranked lower than approx. 62% of all stocks covered)
Analysts' Target Price: CDW Stock Forecast Based on Zacks ABR data; powered by Xignite |