CDK Global increases quarterly cash dividend
HOFFMAN ESTATES - CDK Global's board of directors has approved a half-cent increase in the quarterly cash dividend to an annual rate of 56 cents per share, payable Dec. 30 to shareholders of record on Dec. 20.
"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 14 cents per share compares with the previous quarterly dividend rate of 13.5 cents per share.
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