Welcome to our dedicated page for CDW news (Ticker: CDW), a resource for investors and traders seeking the latest updates and insights on CDW stock.
CDW Corporation reports news about its role as a multi-brand provider of information technology solutions for business, government, education and healthcare customers in the United States, the United Kingdom and Canada. Company updates commonly cover hardware, software, integrated IT solutions and services across hybrid infrastructure, cloud capabilities, digital experience and security.
Recurring CDW developments include operating results, quarterly cash dividends, investor conference participation, executive and strategy roles, segment activity and cybersecurity research from CDW Canada. News also reflects customer demand trends across Commercial, Government, Education and international operations grouped in Other.
CDW Corporation (Nasdaq:CDW) announced a quarterly cash dividend of $0.38 per share, reflecting a 28.8% increase from the previous year. The dividend will be paid on June 10, 2020, to stockholders recorded by May 25, 2020. The company highlighted its strong liquidity and cash flow generation capabilities, despite challenges posed by COVID-19. To enhance liquidity, CDW issued $600 million of senior unsecured notes and suspended share repurchases, signaling a cautious yet confident approach to capital management.
CDW Corporation reported strong first quarter 2020 results, achieving net sales of $4,389 million, a 10.9% increase from $3,958 million in Q1 2019. Gross profit rose to $757 million, up 12.6%, while net income increased by 9.8% to $168 million. Non-GAAP measures showed operating income of $304 million, a 5.8% increase. The company plans a quarterly cash dividend of $0.38 per share, payable on June 10, 2020, reflecting its commitment to shareholder returns amidst a challenging market environment influenced by COVID-19.
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