SmarterDividends
CDW

CDW Dividend

CDW Corporation · Technology · Information Technology Services · quarterly payer

$157.00

Fairly valued · +5% Add to Portfolio

As of Nov 9, 2026, CDW pays a quarterly dividend, or $2.72 a year, a 1.73% yield at its $157.00 share price. The next ex-dividend date is Nov 25, 2026, paid Dec 10, 2026. It has raised its dividend 11 years in a row and has a dividend safety grade of A.

Forward Yield

1.73%

Annual Dividend

$2.72

Payout Ratio

29%

5-Yr Growth

10.2%

Ex-Date

Nov 25, 2026

Frequency

Quarterly

Key facts about CDW's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 9, 2026, CDW Corporation (CDW) has a forward dividend yield of 1.73%, based on an annual dividend of $2.72 per share and a share price of $157.00.
  • As of Nov 9, 2026, CDW's dividend safety grade from SmarterDividends is A (83 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, CDW Corporation (CDW) has raised its dividend for 11 consecutive years as of Nov 9, 2026.
  • CDW has never cut its regular dividend in the payment history SmarterDividends has on record.
  • CDW's next ex-dividend date is Nov 25, 2026, with payment on Dec 10, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 9, 2026, CDW pays out 29% of its trailing 12-month earnings as dividends (its payout ratio).
  • CDW's dividend has grown at an average rate of 10.2% a year over the past five years.
  • As of Nov 9, 2026, CDW's 1.73% yield is 44% above its five-year average yield of 1.21%.
  • As of Nov 9, 2026, SmarterDividends' blended fair-value estimate for CDW is $164.43 per share, 5% above the $157.00 share price, so CDW screens as fairly valued.
  • CDW Corporation (CDW) pays its dividend quarterly, 4 times a year.
  • CDW Corporation (CDW) has raised its regular dividend 12 times and cut it 0 times across the 52 payments on record since 2013. Its most recent change was a 0.8% increase to $0.630 per share, going ex-dividend on Nov 25, 2025.
  • CDW (CDW) has declared its first higher dividend of the year in November in 4 of the last 5 years; its most recent raise, 0.8%, was declared on Nov 4, 2025.
Cite this page

SmarterDividends, "CDW Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 9, 2026, https://smarterdividends.com/stocks/CDW

Is CDW a good dividend stock?

Yes

CDW Corporation (CDW) pays a quarterly dividend yielding 1.73% ($2.72/yr), with 11 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 11 consecutive years of dividend growth
  • Never cut its dividend on record
  • Comfortable payout ratio (29%)
  • Strong 10.2% 5-yr dividend growth
  • Top-tier dividend safety score

Risks

  • Share price is down over the past 5 years

Key Data

Dividend Yield
1.73%
Payout Ratio
29%
Annual Dividend
$2.72
5-Yr Avg Growth
10.2%
Ex-Dividend Date
Nov 25, 2026
Years of Growth
11
Frequency
quarterly
Beta
0.92
Market Cap
$19.6B
P/E Ratio
18.3
5-Yr Total Return
-17%
52-Week Range
$97.12 – $172.47
Dividend Safety
A · 83/100
Ever Cut?
No

CDW dividend raises and cuts

CDW Corporation (CDW) has raised its regular dividend 12 times and cut it 0 times across the 52 payments on record since 2013. Its most recent change was a 0.8% increase to $0.630 per share, going ex-dividend on Nov 25, 2025.

Ex-dateChangeOld → newMove
Nov 25, 2025Raise$0.625 → $0.630+0.8%
Nov 25, 2024Raise$0.620 → $0.625+0.8%
Nov 22, 2023Raise$0.590 → $0.620+5.1%
Nov 23, 2022Raise$0.500 → $0.590+18.0%
Nov 23, 2021Raise$0.400 → $0.500+25.0%
Nov 24, 2020Raise$0.380 → $0.400+5.3%
Nov 22, 2019Raise$0.295 → $0.380+28.8%
Nov 23, 2018Raise$0.210 → $0.295+40.5%
Nov 22, 2017Raise$0.160 → $0.210+31.2%
Nov 22, 2016Raise$0.108 → $0.160+48.1%
Nov 23, 2015Raise$0.0680 → $0.108+58.8%
Nov 21, 2014Raise$0.0430 → $0.0680+58.1%
Every CDW payment →Download every raise and cut (CSV)
CDW ex-dividend date & scheduleNext ex-date Nov 25, 2026 · full ex-dividend historyView →CDW dividend historyEvery payment, totals by year, raises and cutsView →CDW dividend calculator100 shares pay $272.00 a year, $68.00 each quarterCalculate →CDW total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is CDW a good dividend stock?

Yes. CDW Corporation (CDW) pays a quarterly dividend yielding 1.73% ($2.72/yr), with 11 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is CDW undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CDW's fair value is about $164.43 versus a $157.00 share price — so it looks fairly valued (+5% vs. fair value).

Is CDW's dividend safe?

CDW has a dividend-safety grade of A (83/100), based on its payout coverage, free-cash-flow, 11-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is CDW's fair value?

Our blended fair-value estimate for CDW is about $164.43 per share, roughly 5% above the current $157.00 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is CDW a buy, hold, or sell?

We don't issue formal ratings, but on the data CDW screens as "yes" and fairly valued. CDW Corporation (CDW) pays a quarterly dividend yielding 1.73% ($2.72/yr), with 11 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will CDW cut its dividend?

CDW earns a dividend-safety grade of A (83/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does CDW pay a dividend?

Yes. CDW Corporation pays a quarterly dividend of about $2.72 per share annually, a forward yield of roughly 1.73%.

How much dividend does 100 shares of CDW pay?

At $2.72 per share a year, 100 shares of CDW pay $272.00 a year in dividends before tax, about $68.00 each quarter. Buying them costs about $15,700 at the Nov 9, 2026 price.

What is CDW's dividend yield?

As of Nov 9, 2026, CDW's forward dividend yield is 1.73%, based on a $2.72 annual dividend and a $157.00 share price.

What is CDW's dividend per share?

As of Nov 9, 2026, CDW pays $2.72 per share per year, distributed on a quarterly basis.

What is CDW's dividend payout ratio?

As of Nov 9, 2026, CDW's payout ratio is 29% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has CDW grown its dividend?

As of Nov 9, 2026, CDW has increased its dividend for 11 consecutive years.

When is the next CDW ex-dividend date?

As of Nov 9, 2026, the next ex-dividend date on record for CDW is Nov 25, 2026.

CDW Dividend News

CDW
IncreaseCDW·Nov 9, 2026

CDW Raises Quarterly Dividend 7.9% to $0.68

CDW lifts its quarterly dividend to $0.68, a 7.9% increase, with a 29% earnings payout ratio and a 1.73% forward yield above its sector median.

Income Calculator

At $2.72 / yr per share

Per payment (quarterly)$68.00
Annual$272.00
Monthly avg$22.67
Full CDW dividend calculator →

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