CDW (NASDAQ: CDW) declared a quarterly dividend of $0.21 per share, or $0.84 annualized.

The dividend will be payable on March 12, 2018, to stockholders of record on February 26, 2018, with an ex-dividend date of February 23, 2018.

The annual yield on the dividend is 1.1 percent.

“Annual dividend increases are an important part of our capital allocation strategy, along with maintaining our leverage ratio, making strategic acquisitions and share repurchases," said Collin B. Kebo, Senior Vice President & Chief Financial Officer, CDW. “Since our IPO in June 2013, our dividend has increased nearly five-fold. We intend to continue to execute against our capital allocation priorities with the enhanced free cash flow from tax reform.”

For a dividend history and other dividend-related data on CDW (CDW) click here.