CDK Global Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

CDK Global has announced a quarterly cash dividend of $0.15 per share, scheduled for payment on June 29, 2020. Shareholders of record as of the close of business on June 5, 2020 will receive this dividend. CDK Global, with $2 billion in revenues, is a prominent provider of integrated IT solutions for the automotive retail sector, serving around 30,000 retail locations in over 100 countries. Their solutions enhance dealership operations from acquisition to maintenance of vehicles.

Positive

• Quarterly cash dividend of $0.15 enhances shareholder returns.
• Company's strong revenue of $2 billion indicates solid financial health.

Negative

• None.

News Market Reaction – CDK

+0.39%

1 alert

+0.39% News Effect

On the day this news was published, CDK gained 0.39%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HOFFMAN ESTATES, Ill., May 26, 2020 (GLOBE NEWSWIRE) -- CDK Global, Inc. (Nasdaq:CDK) has declared a regular quarterly cash dividend of $0.15 per share payable on June 29, 2020 to shareholders of record at the close of business on June 5, 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:	Media Contact:
Julie Schlueter 847.485.4643 julie.schlueter@cdk.com	Roxanne Pipitone 847.485.4423 roxanne.pipitone@cdk.com

FAQ

What is the amount of the dividend declared by CDK Global?

CDK Global declared a dividend of $0.15 per share.

When will the CDK dividend be paid?

The CDK dividend will be paid on June 29, 2020.

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

The record date for the dividend is June 5, 2020.

How often does CDK Global pay dividends?

CDK Global pays dividends quarterly.

What is CDK Global's revenue?

CDK Global reported revenues of $2 billion.