CDW authorizes $1B share repurchase program increase

CDW (CDW) Corporation announced that its Board of Directors has authorized a $1B increase to the company’s share repurchase program. “Share repurchases represent an important component of our capital allocation priorities, along with dividends, strategic M&A, and managing our capital structure,” said Albert J. Miralles, chief financial officer, CDW. “Since our IPO in June 2013 we have returned approximately $8.4 billion to stockholders through share repurchases and dividends. Our capital allocation strategy has enabled us to deliver value to our stockholders, just as we have delivered value to our customers and partners for over 40 years.”