CDK Global, Inc. (CDK) Declares Quarterly Dividend of $0.15

CDK Global, Inc. (NASDAQ:CDK) announced a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Stockholders of record on Friday, December 1st will be given a dividend of 0.15 per share by the software maker on Friday, December 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from CDK Global’s previous quarterly dividend of $0.14.

CDK Global (NASDAQ CDK) traded up $0.55 during midday trading on Thursday, reaching $66.40. The company had a trading volume of 1,532,198 shares, compared to its average volume of 894,786. The company has a market cap of $8,618.13, a price-to-earnings ratio of 24.86, a PEG ratio of 1.41 and a beta of 0.72. CDK Global has a 1-year low of $56.50 and a 1-year high of $67.49. The company has a debt-to-equity ratio of 297.80, a quick ratio of 2.37 and a current ratio of 2.37.

CDK Global (NASDAQ:CDK) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.68 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.68. The business had revenue of $565.70 million for the quarter, compared to analyst estimates of $569.28 million. CDK Global had a return on equity of 515.77% and a net margin of 13.42%. CDK Global’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. research analysts anticipate that CDK Global will post 2.96 earnings per share for the current year.

In other CDK Global news, VP Jennifer A. Williams sold 1,984 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $62.58, for a total value of $124,158.72. Following the transaction, the vice president now directly owns 5,560 shares in the company, valued at approximately $347,944.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is currently owned by company insiders.

A number of research firms recently commented on CDK. BidaskClub upgraded CDK Global from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research upgraded CDK Global from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Tuesday, October 3rd. TheStreet upgraded CDK Global from a “c+” rating to a “b-” rating in a research report on Thursday, October 19th. Finally, Barrington Research set a $75.00 price objective on CDK Global and gave the company a “buy” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $72.60.

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About CDK Global

CDK Global, Inc provides integrated information technology and digital marketing solutions. The Company’s segments include Retail Solutions North America, Advertising North America and CDK International. Through its Retail Solutions North America segment, the Company provides technology-based solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers (OEMs) and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles.

Dividend History for CDK Global (NASDAQ:CDK)

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