CDK Global Increases Quarterly Cash Dividend
November 15 2016 - 4:05PM
CDK Global, Inc. (Nasdaq:CDK) today announced that its board of
directors has approved a $0.005 increase in the quarterly cash
dividend to an annual rate of $0.56 per share.
"This dividend increase demonstrates the
confidence of the board and management in the strength of the
company’s cash flow generation and ability to generate value for
our shareholders," said Brian MacDonald, president and chief
executive officer, CDK Global.
The new quarterly dividend rate of $0.14 per
share compares with the previous quarterly dividend rate of $0.135
per share. This increased quarterly dividend will be distributed on
December 30, 2016 to shareholders of record at December 20,
2016.
About CDK Global
With more than $2 billion in revenues,
CDK Global (Nasdaq:CDK) is a leading global provider of
integrated information technology and digital marketing solutions
to the automotive retail and adjacent industries. Focused on
evolving the automotive retail experience, CDK Global provides
solutions to dealers in more than 100 countries around the world,
serving more than 27,000 retail locations and most automotive
manufacturers. CDK’s solutions automate and integrate all
parts of the dealership and buying process from targeted digital
advertising and marketing campaigns to the sale, financing,
insuring, parts supply, repair and maintenance of
vehicles. Visit cdkglobal.com.
Investor Relations Contact:
Jennifer Gaumond
847.485.4424
jennifer.gaumond@cdk.com
Media Contact:
Kyle Donash
847.485.4335
kyle.donash@cdk.com
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