CDW Co. (NASDAQ:CDW) Plans Quarterly Dividend of $0.63

CDW Co. (NASDAQ:CDW) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Tuesday, February 25th will be paid a dividend of 0.625 per share by the information technology services provider on Tuesday, March 11th. This represents a $2.50 annualized dividend and a dividend yield of 1.19%.

CDW has increased its dividend payment by an average of 13.5% per year over the last three years. CDW has a payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CDW to earn $9.33 per share next year, which means the company should continue to be able to cover its $2.50 annual dividend with an expected future payout ratio of 26.8%.

CDW Stock Performance

NASDAQ CDW traded up $10.90 during trading hours on Wednesday, hitting $210.24. The company’s stock had a trading volume of 545,872 shares, compared to its average volume of 1,303,509. The company has a market cap of $28.02 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 5.39 and a beta of 1.01. The company’s 50 day simple moving average is $182.49 and its two-hundred day simple moving average is $202.62. CDW has a 12 month low of $168.43 and a 12 month high of $263.37. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.40 and a quick ratio of 1.28.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.07. CDW had a return on equity of 58.31% and a net margin of 5.33%. As a group, sell-side analysts expect that CDW will post 8.99 EPS for the current fiscal year.

Analysts Set New Price Targets

CDW has been the topic of a number of research reports. Redburn Atlantic initiated coverage on shares of CDW in a research report on Friday, November 15th. They set a “buy” rating and a $230.00 target price on the stock. JPMorgan Chase & Co. downgraded CDW from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $260.00 to $235.00 in a report on Monday, October 28th. Barclays cut their target price on shares of CDW from $229.00 to $201.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Morgan Stanley upped their price target on shares of CDW from $190.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. Finally, UBS Group reduced their price objective on shares of CDW from $233.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $239.33.

About CDW

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.