07.02.2024 16:19:02 - dpa-AFX: CDW Corporation Adds 6% On Raising Buyback Authorization
WASHINGTON (dpa-AFX) - Shares of CDW Corporation (CDW), a provider of
information technology solutions, are rising more than 6% Wednesday morning
after the company raised its share repurchase authorization by $750 million.
'The $750 million authorization is incremental to the approximately $338 million
remaining from the previous
repurchase program as of December 31, 2023,' the company said in a statement.
CDW also declared a quarterly dividend of $0.62 per share to be paid on March
12, to shareholders of record on February 26.
CDW is at $244.52 currently. It has traded in the range of $160.66 - $242.56 in
the last 52 weeks.
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