CDK Global Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

HOFFMAN ESTATES, Ill., Nov. 12, 2020 – CDK Global (NASDAQ:CDK) has announced a quarterly cash dividend of $0.15 per share, set to be paid on December 30, 2020, to shareholders recorded by the close of business on December 1, 2020.

CDK Global, generating $2 billion in revenues, provides integrated IT solutions to the automotive retail sector. Serving around 30,000 retail locations globally, CDK’s offerings streamline all aspects of dealership and vehicle purchase processes.

AI-generated analysis. Not financial advice.

Positive

• Quarterly cash dividend of $0.15 per share, enhancing shareholder income.
• Stable revenue of $2 billion indicates strong business performance.

Negative

• None.

News Market Reaction – CDK

+3.90%

1 alert

+3.90% News Effect

On the day this news was published, CDK gained 3.90%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HOFFMAN ESTATES, Ill., Nov. 12, 2020 (GLOBE NEWSWIRE) -- CDK Global, Inc. (NASDAQ:CDK) has declared a regular quarterly cash dividend of $0.15 per share payable on December 30, 2020 to shareholders of record at the close of business on December 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 has declared a quarterly cash dividend of $0.15 per share.

When will CDK Global's dividend be paid?

The dividend will be paid on December 30, 2020.

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

The record date for the dividend is December 1, 2020.

How much revenue does CDK Global generate?

CDK Global generates approximately $2 billion in revenues.

How many retail locations does CDK Global serve?

CDK Global serves around 30,000 retail locations worldwide.