CDW Says It Authorized $750M Increase To The Company's Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
CDW has announced a $750M increase to its share repurchase program. Over the past year, the company repurchased 2.6 million shares for about $358.7 million and acquired 168,464 shares for $23.5 million from employees as part of employee equity awards.
February 07, 2024 | 12:10 pm
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CDW has significantly increased its share repurchase program by $750 million, indicating a strong financial position and a commitment to returning value to shareholders.
The increase in CDW's share repurchase program suggests the company's management has confidence in its financial stability and future prospects. Such actions often signal to the market that the company believes its stock is undervalued, potentially leading to a positive short-term impact on its stock price.
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