CDW Corporation (CDW) will raise its quarterly dividend to $0.16 per share.

The new dividend will be paid on December 12, 2016 to all stockholders of record as of the close of business on November 25, 2016. 

"Since the IPO our annual cash dividend has increased nearly four-fold to 64 cents per share from 17 cents per share," said Ann E. Ziegler, senior vice president & chief financial officer, CDW. "Annual dividend increases are an important component of our capital allocation strategy to deliver value to our shareholders just as we've delivered value to our customers and partners for more than 30 years."

CDW currently has a 1.4% dividend yield based on a $44.45 stock price.

CDW Corporation (CDW) provides integrated information technology solutions to small, medium and large business, government, education and healthcare customers in the United States, Canada, and the UnitedKingdom. The company's offerings range from discrete hardware and software products to integrated IT solutions such as mobility, security, data centeroptimization, cloud computing, virtualization and collaboration. CDW was founded in 1984 and became a public company in 1993.