CDW Corporation (NASDAQ:CDW) Declares Quarterly Dividend of $0.63

CDW Corporation (NASDAQ:CDW) declared a quarterly dividend on Wednesday, February 4th. Shareholders 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) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend 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 dividend payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Research 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

Shares of CDW stock opened at $138.08 on Thursday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.30 and a current ratio of 1.39. The firm has a market cap of $17.98 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.81 and a beta of 1.08. The firm’s 50 day moving average price is $136.59 and its 200-day moving average price is $151.66. CDW has a one year low of $123.08 and a one year high of $222.92.

CDW (NASDAQ:CDW) last issued its quarterly earnings data on Wednesday, February 4th. The information technology services provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.13. The business had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.33 billion. CDW had a return on equity of 51.89% and a net margin of 4.76%.The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.48 earnings per share. As a group, equities research analysts predict that CDW will post 9.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CDW shares. UBS Group lowered their target price on shares of CDW from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Barclays set a $144.00 target price on CDW in a research report on Thursday. Citigroup restated a “neutral” rating on shares of CDW in a research report on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of CDW in a research report on Tuesday, January 27th. Finally, Raymond James Financial upgraded shares of CDW from an “outperform” rating to a “strong-buy” rating and set a $185.00 target price for the company in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $170.43.

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.