Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
CDW Corporation is a leading multi-brand provider of information technology solutions, operating primarily in the United States, Canada, and the United Kingdom. The company serves business, government, education, and healthcare customers by helping them design, procure, and implement integrated IT solutions. CDW operates within the IT solutions and services industry, acting as an intermediary between customers and major technology manufacturers while also delivering value-added services.
The company’s core revenue drivers include hardware, software, and services related to areas such as cloud computing, cybersecurity, data center infrastructure, networking, and end-user computing. CDW’s strategic positioning is based on its vendor-agnostic model, deep customer relationships, and large-scale procurement capabilities, which allow it to offer tailored solutions rather than proprietary products. Founded in 1984 as a catalog-based reseller, CDW evolved through acquisitions and organic growth into a solutions-oriented IT partner, becoming a publicly traded company in 2013.
Business Operations
CDW generates revenue through several operating segments, including Corporate, Small Business, Public Sector, and Other, with the Public Sector segment encompassing government, education, and healthcare customers. The company sells discrete hardware and software products while also providing services such as configuration, lifecycle support, managed services, and advisory capabilities. Revenue is primarily transactional but supported by long-term customer relationships and recurring service engagements.
Operations are primarily domestic, with the majority of revenue generated in the United States, complemented by international operations through CDW Canada and CDW UK. CDW does not manufacture technology products; instead, it leverages partnerships with leading vendors such as Cisco, Microsoft, HP, Dell, and Apple. The company controls logistics, sales infrastructure, digital commerce platforms, and a large customer-facing sales organization, which are central to its operating model.
Strategic Position & Investments
CDW’s strategy emphasizes organic growth through deeper penetration of existing customers, expansion of services, and alignment with long-term IT spending trends such as cloud adoption, hybrid infrastructure, security, and digital transformation. The company invests in salesforce productivity, digital tools, and service capabilities to support increasingly complex customer needs.
Historically, CDW has pursued selective acquisitions to enhance geographic reach or service offerings, including the acquisition of Sirius Computer Solutions, which strengthened its capabilities in data center, cloud, and managed services. CDW continues to invest in emerging technology areas such as cybersecurity, data analytics, and hybrid cloud solutions, primarily through vendor partnerships and internal capability development rather than venture-style investments.
Geographic Footprint
CDW is headquartered in Lincolnshire, Illinois, and operates extensively across North America and parts of Europe. The United States represents the company’s largest market by a substantial margin, supported by a nationwide salesforce, distribution infrastructure, and customer base spanning all major industries.
Internationally, CDW maintains a meaningful presence in Canada and the United Kingdom, serving local corporate and public-sector customers through in-country operations. While its international footprint is smaller than its U.S. business, these markets provide diversification and exposure to similar IT modernization trends across developed economies.
Leadership & Governance
CDW is led by an experienced executive team with backgrounds in technology, operations, and large-scale enterprise management. The leadership emphasizes a customer-centric, solutions-oriented philosophy, focusing on long-term relationships, operational discipline, and consistent execution. Governance practices align with public-company standards, with oversight provided by an independent board of directors.
Key executives include:
- Christine A. Leahy – President and Chief Executive Officer
- Albert J. Miralles – Chief Financial Officer
- Thomas E. Richards – Chief Information Officer
- Jon E. Stevens – Chief Operating Officer
- Kelly C. Martindale – Chief People Officer