CDK Global Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

CDK Global, Inc. (Nasdaq: CDK) announced a quarterly cash dividend of $0.15 per share, payable on September 30, 2020, to shareholders on record as of September 1, 2020. The company reported revenues of $2 billion and provides integrated IT solutions to the automotive retail sector globally. CDK serves around 30,000 retail locations and operates in over 100 countries, automating various dealership processes, from sales to vehicle maintenance.

AI-generated analysis. Not financial advice.

Positive

• Quarterly cash dividend of $0.15 per share enhances shareholder value.
• Strong revenue of $2 billion demonstrates substantial market presence.

Negative

• None.

News Market Reaction – CDK

-0.30%

-0.30% News Effect

On the day this news was published, CDK declined 0.30%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HOFFMAN ESTATES, Ill., Aug. 06, 2020 (GLOBE NEWSWIRE) -- CDK Global, Inc. (Nasdaq:CDK) has declared a regular quarterly cash dividend of $0.15 per share payable on September 30, 2020 to shareholders of record at the close of business on September 1, 2020.

About CDK Global

With $2 billion in revenues, CDK Global (NASDAQ:CDK) is a leading global provider of integrated information technology solutions to the automotive retail and adjacent industries. Focused on enabling end-to-end automotive commerce, CDK Global provides solutions to dealers in more than 100 countries around the world, serving approximately 30,000 retail locations and most automotive manufacturers. CDK solutions automate and integrate all parts of the dealership and buying process, including the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles. Visit cdkglobal.com.

Contacts:

Investor Relations Contact: Julie Schlueter 847.485.4643 julie.schlueter@cdk.com

Media Contact: Roxanne Pipitone 847.485.4423 roxanne.pipitone@cdk.com

FAQ

What is the dividend amount declared by CDK Global?

CDK Global declared a quarterly cash dividend of $0.15 per share.

When is the dividend payable for CDK Global?

The dividend is payable on September 30, 2020.

What is the record date for CDK Global's dividend?

The record date is September 1, 2020.

How much revenue does CDK Global generate?

CDK Global generates approximately $2 billion in revenue.

In how many countries does CDK Global operate?

CDK Global operates in over 100 countries.