CDW (CDW) Dividend History & Yield
Dividend ContenderCDW (CDW) has increased its dividend for 13 consecutive years and currently yields 2.36%. The most recent dividend was $0.6300/share on Mar 10, 2026, paid Quarterly.
CDW
Current Yield
2.36%
TTM Dividend/Share
$2.51
Payment Frequency
Quarterly
Payout Ratio
30.5%
Consecutive Growth Years
13 (Dividend Contender)
Div Growth (1Y CAGR)
0.80%
Div Growth (5Y CAGR)
10.22%
Div Growth (10Y CAGR)
23.24%
CDW: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
12.6%
FCF payout ratio
7.6%
Net debt / EBITDA
2.8x
Interest coverage
14.53x
ROIC (TTM)
13.5%
Dividend Safety Score
6 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 30.5%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($8.29) covers dividend/share ($2.51).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
13 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 7.6%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 2.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (10.2%) exceeds EPS growth (-1.5%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 22, 2026
- Payment date
- Jun 10, 2026
- Dividend
- $0.6300
- Adj. dividend
- $0.6300
Ex-date Feb 25, 2026
- Payment date
- Mar 10, 2026
- Dividend
- $0.6300
- Adj. dividend
- $0.6300
Ex-date Nov 25, 2025
- Payment date
- Dec 10, 2025
- Dividend
- $0.6300
- Adj. dividend
- $0.6300
Ex-date Aug 25, 2025
- Payment date
- Sep 10, 2025
- Dividend
- $0.6250
- Adj. dividend
- $0.6250
Ex-date May 23, 2025
- Payment date
- Jun 10, 2025
- Dividend
- $0.6250
- Adj. dividend
- $0.6250
Ex-date Feb 25, 2025
- Payment date
- Mar 11, 2025
- Dividend
- $0.6250
- Adj. dividend
- $0.6250
Ex-date Nov 25, 2024
- Payment date
- Dec 10, 2024
- Dividend
- $0.6250
- Adj. dividend
- $0.6250
Ex-date Aug 26, 2024
- Payment date
- Sep 10, 2024
- Dividend
- $0.6200
- Adj. dividend
- $0.6200
Ex-date May 23, 2024
- Payment date
- Jun 11, 2024
- Dividend
- $0.6200
- Adj. dividend
- $0.6200
Ex-date Feb 23, 2024
- Payment date
- Mar 12, 2024
- Dividend
- $0.6200
- Adj. dividend
- $0.6200
Ex-date Nov 22, 2023
- Payment date
- Dec 12, 2023
- Dividend
- $0.6200
- Adj. dividend
- $0.6200
Ex-date Aug 24, 2023
- Payment date
- Sep 12, 2023
- Dividend
- $0.5900
- Adj. dividend
- $0.5900
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 22, 2026 | Jun 10, 2026 | $0.6300 | $0.6300 |
| Feb 25, 2026 | Mar 10, 2026 | $0.6300 | $0.6300 |
| Nov 25, 2025 | Dec 10, 2025 | $0.6300 | $0.6300 |
| Aug 25, 2025 | Sep 10, 2025 | $0.6250 | $0.6250 |
| May 23, 2025 | Jun 10, 2025 | $0.6250 | $0.6250 |
| Feb 25, 2025 | Mar 11, 2025 | $0.6250 | $0.6250 |
| Nov 25, 2024 | Dec 10, 2024 | $0.6250 | $0.6250 |
| Aug 26, 2024 | Sep 10, 2024 | $0.6200 | $0.6200 |
| May 23, 2024 | Jun 11, 2024 | $0.6200 | $0.6200 |
| Feb 23, 2024 | Mar 12, 2024 | $0.6200 | $0.6200 |
| Nov 22, 2023 | Dec 12, 2023 | $0.6200 | $0.6200 |
| Aug 24, 2023 | Sep 12, 2023 | $0.5900 | $0.5900 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
CDW has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 13 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $2.5050 | — | — |
| 2025 | $2.4850 | $2.5050 | +0.8% |
| 2024 | $2.3900 | $2.4850 | +4.0% |
| 2023 | $2.0900 | $2.3900 | +14.4% |
| 2022 | $1.7000 | $2.0900 | +22.9% |
| 2021 | $1.5400 | $1.7000 | +10.4% |
| 2020 | $1.2650 | $1.5400 | +21.7% |
| 2019 | $0.9250 | $1.2650 | +36.8% |
| 2018 | $0.6900 | $0.9250 | +34.1% |
| 2017 | $0.4825 | $0.6900 | +43.0% |
| 2016 | $0.3100 | $0.4825 | +55.6% |
| 2015 | $0.1950 | $0.3100 | +59.0% |
| 2014 | — | $0.1950 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for CDW (CDW) from the consolidated cash flow statement, in USD as filed.
Latest period
$326.90M
YoY change
-1.1%
5Y CAGR
+8.4%
Peak year (2024)
$332.10M
Latest annual
$328.60M
Cash dividends paid over time for CDW (CDW)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for CDW (CDW)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $328.60M | -1.1% | -$3.50M | ||
| 2024 | $332.10M | +3.3% | +$10.60M | ||
| 2023 | $321.50M | +13.8% | +$38.90M | ||
| 2022 | $282.60M | +20.4% | +$47.80M | ||
| 2021 | $234.80M | +6.9% | +$15.20M | ||
| 2020 | $219.60M | +19.7% | +$36.20M | ||
| 2019 | $183.40M | +31.6% | +$44.00M | ||
| 2018 | $139.40M | +30.4% | +$32.50M | ||
| 2017 | $106.90M | +35.8% | +$28.20M | ||
| 2016 | $78.70M | +48.8% | +$25.80M | ||
| 2015 | $52.90M | +57.4% | +$19.30M | ||
| 2014 | $33.60M | +360.3% | +$26.30M | ||
| 2013 | $7.30M | — | +$7.30M | ||
| 2012 | $0 | — | $0 | ||
| 2011 | $0 | — | $0 | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | — | $0 | ||
| 2008 | $0 | — | — | ||
| 2006 | $40.72M | +16.0% | +$5.61M | ||
| 2005 | $35.11M | +16.9% | +$5.09M | ||
| 2004 | $30.03M | +20.8% | +$5.16M | ||
| 2003 | $24.87M | — | +$24.87M | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | -100.0% | -$600,000 | ||
| 1993 | $600,000 | — | — |
As of the 2025 fiscal year, CDW (CDW) reported dividends paid of $328.60M – edged down 1.1% year-over-year.
CDW dividends paid compound annual growth for the 2020–2025 (5 years) window is +8.4%, with the latest reading among the more recent periods of the dataset.
CDW dividends paid edged down from $332.10M in 2024 to $328.60M in 2025, a 1.1% drawdown.
The dataset's maximum dividends paid sits at $332.10M (2024); the minimum reading of $0 dates to 1994.
CDW (CDW) sits 8th of 8 Technology peers we track on this metric, against a peer median of $6.80B.
CDW Dividends Paid 2025: $328.60M
CDW dividends paid in 2025 was $328.60M, edged down 1.1% below 2024.
CDW Dividends Paid 2024: $332.10M
CDW dividends paid in 2024 was $332.10M, edged up 3.3% from 2023. This figure represents the highest annual value in the available history.
CDW Dividends Paid 2023: $321.50M
CDW dividends paid in 2023 was $321.50M, grew 13.8% from 2022.
CDW Dividends Paid 2022: $282.60M
CDW dividends paid in 2022 was $282.60M, grew 20.4% from 2021.
CDW Dividends Paid 2021: $234.80M
CDW dividends paid in 2021 was $234.80M.
See more financial history for CDW (CDW).
Sector peers by dividends paid
Companies in the same sector as CDW, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| TSMC (TSM) | $471.61B | Technology |
| Microsoft (MSFT) | $24.08B | Technology |
| Apple (AAPL) | $15.42B | Technology |
| Broadcom (AVGO) | $11.14B | Technology |
| ASML (ASML) | $2.45B | Technology |
| NVIDIA (NVDA) | $974.00M | Technology |
| Micron Technology (MU) | $522.00M | Technology |
| AMD (AMD) | $0 | Technology |
Frequently asked questions
Does CDW pay dividends?
Yes, CDW (CDW) pays quarterly dividends of approximately $2.51 per share annually, yielding 2.36%.
What is CDW's dividend yield?
CDW (CDW) has a current dividend yield of 2.36%.
Is CDW's dividend safe?
CDW (CDW) passes 6 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has CDW increased its dividend?
CDW (CDW) has 13 consecutive years of dividend increases.
What is CDW's dividend payout ratio?
CDW (CDW) has a dividend payout ratio of 30.5%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is CDW's dividends paid?
Latest reported dividends paid for CDW (CDW) is $326.90M (period ending March 31, 2026).
How has CDW dividends paid changed year-over-year?
CDW (CDW) dividends paid changed -1.1% year-over-year on the latest annual filing.
What is the long-term growth rate of CDW dividends paid?
CDW (CDW) dividends paid compound annual growth rate is +8.4% over the most recent 5 years available.
When did CDW dividends paid hit its highest annual value?
CDW dividends paid reached its highest annual value of $332.10M in 2024.
What was CDW dividends paid in 2024?
CDW (CDW) dividends paid in 2024 was $332.10M.
What was CDW dividends paid in 2025?
CDW (CDW) dividends paid in 2025 was $328.60M.
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