CDW Declares Quarterly Cash Dividend of $0.630 Per Share
Reinforces Ongoing Commitment to Delivering Value to Stockholders
“Dividends represent an important component of our capital allocation priorities, along with share repurchases, strategic M&A and managing our capital structure," said
Future dividends and share repurchase authorizations will be subject to approval by CDW's Board of Directors. Share repurchases under the program will be made from time to time in private transactions, open market purchases or other transactions as permitted by securities laws and other legal requirements. The timing and amounts of any purchases will be based on market conditions and other factors including but not limited to price, regulatory requirements and capital availability. The program does not require the purchase of any minimum dollar amount or number of shares and the program may be modified, suspended or discontinued at any time. As of
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Forward-Looking Statements
Statements in this release that are not statements of historical fact are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the future dividends, share repurchases, earnings growth, capital allocation, leverage ratio, and other strategic plans of CDW. These forward-looking statements are subject to risks and uncertainties that may cause actual results or events to differ materially from those described in such statements. Although CDW believes that its plans, intentions, and other expectations reflected in or suggested by such forward-looking statements are reasonable, it can give no assurance that it will achieve those plans, intentions, or expectations. Reference is made to a more complete discussion of forward-looking statements and applicable risks contained under the captions "Forward-Looking Statements" and "Risk Factors" in CDW's Annual Report on Form 10-K for the year ended
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Investor Inquiries
Steven O’Brien
Senior Vice President, Investor Relations
(847) 968-0238
investorrelations@cdw.com
Media Inquiries
Vice President, Corporate Communications
(847) 419-7411
mediarelations@cdw.com
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