CDW Corp. (CDW) Plans Quarterly Dividend of $0.04
CDW Corp. (NASDAQ:CDW) declared a quarterly dividend on Thursday, February 13th, Analyst Ratings.Net reports. Stockholders of record on Tuesday, February 25th will be given a dividend of 0.0425 per share on Monday, March 10th. This represents a $0.17 dividend on an annualized basis and a yield of 0.72%.
On the ratings front, analysts at Barclays upgraded shares of CDW Corp. from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. They now have a $26.00 price target on the stock, up previously from $24.00. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.86.
Shares of CDW Corp. (NASDAQ:CDW) opened at 23.67 on Thursday. CDW Corp. has a one year low of $17.38 and a one year high of $25.58. The stock’s 50-day moving average is $23.75 and its 200-day moving average is $22.91. The company has a market cap of $4.070 billion and a P/E ratio of 26.72.
CDW Corp. (NASDAQ:CDW) last announced its earnings results on Wednesday, February 19th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.08. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.74 billion. On average, analysts predict that CDW Corp. will post $1.75 earnings per share for the current fiscal year.
CDW Corporation (NASDAQ:CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada.
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