CDW Corporation dividend history
CDW Corporation's dividend was $2.50 a share in fiscal 2025, up 0.8% on the year before. That was 30.8% of net income. It has raised its dividend per share every year since fiscal 2013, as far back as our figures go.
Dividends, buybacks and capital spending
- Buybacks (TTM)
- $848M
- Dividends (TTM)
- $324M
- Returned to shareholders
- 136%
- of free cash flow
- Buybacks, last 3 fiscal years
- $1.7B
- Diluted share count
- −2.9%
- year over year
- Total shareholder yield
- 6.2%
- dividends 1.7% + buybacks 4.5% of market value
- Dividend payout ratio
- 30%
- of net income paid out
- Sales & admin spending
- 14.2%
- of revenue
- Days sales outstanding
- 114 days
- receivables vs revenue
Dividends by fiscal year
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend per share | — | — | — | — | $0.043 | $0.195 | $0.310 | $0.482 | $0.690 | $0.925 | $1.26 | $1.54 | $1.70 | $2.09 | $2.39 | $2.48 | $2.50 | — |
| Dividend per share growth | — | — | — | — | — | +358.8% | +59.0% | +55.6% | +43.0% | +34.1% | +36.8% | +21.7% | +10.4% | +22.9% | +14.4% | +4.0% | +0.8% | — |
| Dividends paid | — | — | 0 | 0 | 7 | 34 | 53 | 79 | 107 | 139 | 183 | 220 | 235 | 283 | 322 | 332 | 329 | 324 |
| Share buybacks | 0 | 0 | 0 | 1 | 0 | 0 | 241 | 367 | 534 | 522 | 657 | 341 | 1,500 | 0 | 500 | 500 | 653 | 848 |
| Dividends ÷ net income | — | — | 0.0% | 0.0% | 5.5% | 13.7% | 13.1% | 18.5% | 20.4% | 21.7% | 24.9% | 27.9% | 23.8% | 25.4% | 29.1% | 30.8% | 30.8% | 30.0% |
Recent dividend announcements
- CDW Declares Quarterly Cash Dividend of $0.630 Per Share Source
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