CDW authorizes $1 billion share repurchase program increase
The board-approved increase reinforces commitment to returning value to stockholders through buybacks and dividends.
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Information technology products and services provider
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In short: CDW reported strong Q1 2026 financial results, expanded its AI services through strategic partnerships, and appointed Hang Tan as strategy chief.
The board-approved increase reinforces commitment to returning value to stockholders through buybacks and dividends.
CDW leverages internal experience to implement and support Moveworks for customers, enhancing AI-driven workflows and employee support. The partnership follows ServiceNow's acquisition of Moveworks.
The dividend pays on June 10, 2026 to stockholders of record as of May 25, 2026. It reinforces CDW's commitment to stockholder value.
Net sales rose 9.2% to $5,680 million. Gross profit increased 6.0%. Announces $0.630 quarterly dividend.
Oppenheimer analysts remain bullish, citing beta and momentum, and offer buy/sell recommendations for each sector.
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