CDW Declares Cash Dividend of $0.1075 Per Share
LINCOLNSHIRE, Ill., Feb. 09, 2016 (GLOBE NEWSWIRE) -- CDW Corporation (NASDAQ:CDW), today announced that its Board of Directors has declared a quarterly cash dividend of $0.1075 per common share to be paid on March 10, 2016 to all stockholders of record as of the close of business on February 25, 2016. This represents a 59 percent increase over last year's dividend. Future dividends will be subject to Board of Director approval.
"When CDW became a public company in 2013, we made a commitment to deliver value to our stockholders, just as we've delivered value to more than 250,000 customers and more than 1,000 partners for over 30 years," said Ann E. Ziegler, Senior Vice President & Chief Financial Officer, CDW. "This dividend is an important part of that commitment. Since our IPO in June 2013, our dividend has more than doubled."
CDW is a leading multi-brand technology solutions provider to business, government, education and healthcare organizations in North America and the United Kingdom. A Fortune 500 company, CDW was founded in 1984 and employs more than 8,400 coworkers. For the year ended December 31, 2015, the Company generated net sales of over $12.9 billion. For more information about CDW please visit www.CDW.com.
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