CDW · 10-Q · 2026Q2 · Full report
Capital Return Program
CDW Corp · 2026-08-05 · Importance 52 · Surprise 42 · In source text
CDW repurchased 4.5 million shares for $545 million during the six months ended June 30, 2026. On May 13, 2026, the Board authorized a $1 billion increase to the share repurchase program. The company paid two 2026 quarterly dividends of $0.630 per share, with payments on March 10 and June 10. On August 5, 2026, the Board declared another $0.630-per-share dividend payable September 10, 2026, to stockholders of record on August 25, 2026.
Key facts
- On May 13, 2026 Board authorized a $1 billion increase to the share repurchase program source
- On August 5, 2026 Board declared quarterly cash dividend of $0.630 per share to be paid on September 10, 2026 to holders of record as of August 25, 2026 source
- During the six months ended June 30, 2026 repurchased 4.5 million shares for $545 million under the share repurchase program source
- Dividend payments in 2026 included $0.630 per share declared on February 3, 2026 with payment date March 10, 2026 source
- Dividend payments in 2026 included $0.630 per share declared on May 5, 2026 with payment date June 10, 2026 source
- The company identified fluctuations in the market price and trading volumes of our common stock and changes in, or the discontinuation of, our share repurchase program or dividend payments as factors that could cause actual results or events to differ from expectations. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -4.9% | On May 13, 2026 Board authorized a $1 billion increase to the share repurchase program |
| cash | negative | realized | -3.2% | During the six months ended June 30, 2026 repurchased 4.5 million shares for $545 million under the share repurchase program |
| cash | negative | committed | — | On August 5, 2026 Board declared quarterly cash dividend of $0.630 per share to be paid on September 10, 2026 to holders of record as of… |