CDW Corp Stock Price, News & Analysis

CDW Corporation (Nasdaq: CDW) has declared a quarterly cash dividend of $0.40 per common share, reflecting a 5.3% increase from last year. The dividend will be paid on September 10, 2021, to stockholders of record as of August 25, 2021. Since its IPO in June 2013, CDW's dividend has increased over nine-fold, returning approximately $4.3 billion to shareholders through dividends and share repurchases. CDW remains committed to its capital allocation priorities, focusing on delivering value to its shareholders, customers, and partners.

CDW Corporation (Nasdaq:CDW) reported second-quarter 2021 net sales of $5,146 million, up 17.9% from $4,366 million in 2020, driven by a surge in demand from commercial customers. Gross profit rose to $883 million, an 18.2% increase, with a gross profit margin of 17.2%. Net income reached $274 million, a 44.9% increase compared to $189 million in Q2 2020. CDW expects mid-teens growth in Non-GAAP net income per diluted share for 2021, after reporting a quarterly cash dividend of $0.40. The company remains optimistic about exceeding its growth outlook in the US IT market.

CDW Corporation (Nasdaq: CDW) has announced the acquisition of Focal Point Data Risk, a leading cybersecurity services provider. This strategic move aims to enhance CDW's services portfolio, particularly in security consulting and workforce development, to better address cyber threats and comply with evolving data protection laws. Focal Point has a strong presence in regulated industries, including government and healthcare. The financial terms of the deal were not disclosed, and Focal Point is not expected to materially impact CDW's 2021 Non-GAAP earnings per share.

CDW Corporation (Nasdaq: CDW) will host a webcast on August 4, 2021, at 7:30 a.m. CT to discuss its second quarter 2021 results. The live audio webcast will be available at investor.CDW.com. The company's net sales for the trailing twelve months ended March 31, 2021, reached approximately $19 billion. A replay of the call will also be accessible shortly after the event.

CDW Corporation (Nasdaq: CDW), a top provider of IT solutions in North America and the UK, announced that CFO Collin B. Kebo will participate in virtual investor conferences. The sessions include the Evercore ISI Inaugural TMT Conference on June 7, 2021, at 7:45 a.m. CT, and the 44th Nasdaq Investor Conference on June 15, 2021, at 9:30 a.m. CT. Both events will be webcast live, with recordings available on the CDW investor relations website. CDW generated approximately $19 billion in net sales for the trailing twelve months ending March 31, 2021.

CDW Corporation (Nasdaq: CDW) announces the retirement of CFO Collin B. Kebo, effective after a successor is appointed. Kebo, who joined CDW in 2008, has played a crucial role in the company's financial strategy. His retirement is part of a planned transition, and he will remain engaged until the process is complete. Coinciding with this announcement, CDW reported record Q1 net sales and non-GAAP earnings per share, raising its fiscal year 2021 outlook and reinforcing its reputation as a leader in IT solutions across North America.

CDW Corporation (Nasdaq: CDW) announced a quarterly cash dividend of $0.40 per common share, reflecting a 5.3% increase from last year. The dividend will be paid on June 10, 2021, to shareholders of record as of May 25, 2021. Since its IPO in June 2013, CDW's dividend has increased over nine-fold, with approximately $3.8 billion returned to shareholders through dividends and share repurchases. The company emphasizes that dividends are a key part of its capital allocation strategy, alongside managing leverage and strategic acquisitions.

CDW Corporation (Nasdaq:CDW) reported strong Q1 2021 results, with net sales reaching $4,838 million, a 10.2% increase from $4,389 million in Q1 2020. Gross profit grew to $795 million, a 5.1% rise year-over-year, while operating income surged 31.6% to $323 million. Non-GAAP net income per diluted share rose 26.2% to $1.74. CDW's board approved a quarterly dividend of $0.40, set for June 10, 2021. The company anticipates low double-digit growth in Non-GAAP net income per diluted share for 2021, exceeding previous market growth expectations.

CDW Corporation (Nasdaq: CDW) will host a webcast conference call on May 5, 2021, at 7:30 a.m. CT to discuss its first-quarter 2021 results. The call will be accessible on investor.CDW.com, where participants can find the press release and presentation slides. A replay will be available shortly after the call. CDW, a Fortune 500 company, generated over $18 billion in net sales for the fiscal year ending December 31, 2020, and serves business, government, education, and healthcare sectors across the U.S., U.K., and Canada.