CDW Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
By the close of today, September 12, 2023, CDW (NASDAQ:CDW) will issue a dividend payout of $0.59 per share, resulting in an annualized dividend yield of 1.26%. Only those investors who owned the stock prior to the ex-dividend date on August 24, 2023 will receive this payout.
CDW Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-24 | 4 | $0.59 | 1.26% | 2023-08-02 | 2023-08-25 | 2023-09-12 |
| 2023-05-24 | 4 | $0.59 | 1.41% | 2023-05-03 | 2023-05-25 | 2023-06-13 |
| 2023-02-23 | 4 | $0.59 | 1.18% | 2023-02-08 | 2023-02-24 | 2023-03-10 |
| 2022-11-23 | 4 | $0.59 | 1.37% | 2022-11-02 | 2022-11-25 | 2022-12-09 |
| 2022-08-24 | 4 | $0.5 | 1.11% | 2022-08-03 | 2022-08-25 | 2022-09-09 |
| 2022-05-24 | 4 | $0.5 | 1.19% | 2022-05-04 | 2022-05-25 | 2022-06-10 |
| 2022-02-24 | 4 | $0.5 | 1.03% | 2022-02-09 | 2022-02-25 | 2022-03-10 |
| 2021-11-23 | 4 | $0.5 | 1.06% | 2021-11-03 | 2021-11-24 | 2021-12-10 |
| 2021-08-24 | 4 | $0.4 | 0.86% | 2021-08-04 | 2021-08-25 | 2021-09-10 |
| 2021-05-24 | 4 | $0.4 | 0.91% | 2021-05-05 | 2021-05-25 | 2021-06-10 |
| 2021-02-24 | 4 | $0.4 | 1.06% | 2021-02-10 | 2021-02-25 | 2021-03-10 |
| 2020-11-24 | 4 | $0.4 | 1.31% | 2020-11-02 | 2020-11-25 | 2020-12-10 |
When comparing CDW's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Taitron Components (NASDAQ:TAIT) having the highest annualized dividend yield at 5.68%.
Analyzing CDW Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $1.26 in 2019 to $2.09 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For CDW
The earnings chart above shows that from 2019 to 2022, CDW has experienced an increase in their earnings from $5.86 per share to $9.37 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
In this article, we explore the recent dividend payout of CDW and its significance for shareholders. The company has decided to distribute a dividend of $0.59 per share today, which equates to an annualized dividend yield of 1.26%.
When comparing CDW's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Taitron Components having the highest annualized dividend yield at 5.68%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, CDW appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.