CDW 2006 Annual Report Download - page 23

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13
the final resolution of any such preference items will not have a material adverse effect on its financial
condition.
In addition, CDW is party to legal proceedings that arise from time to time, both with respect
to specific transactions and in the ordinary course of our business. CDW is also subject to audit
by federal, state and local tax authorities, by various government agencies relating to sales under
certain government contracts and by vendors relating to vendor incentive programs.
We do not believe that any current audit or pending or threatened litigation will have a
material adverse effect on our financial condition. Litigation and audits, however, involve
uncertainties and it is possible that the eventual outcome of litigation or audits could adversely
affect our results of operations for a particular period.
Item 4. Submission of Matters to a Vote of Security Holders
There were no matters submitted during the fourth quarter of 2006 to a vote of security holders.
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
The following table sets forth for the periods indicated the high and low sales prices for the
Company’s common stock, which is traded on The Nasdaq Stock Market® under the symbol
“CDWC”. As of January 27, 2007, there were approximately 19,000 beneficial owners of the
Company’s common stock.
2006 2005
Quarter Ended Low High Low High
March 31 $ 54.80 $ 61.20 $ 55.46 $ 66.97
June 30 $ 52.42 $ 61.83 $ 51.86 $ 60.58
September 30 $ 50.28 $ 64.26 $ 56.00 $ 64.15
December 31 $ 62.10 $ 72.18 $ 53.51 $ 61.00
The following table presents information on cash dividends paid during the past two years:
Date Paid
Dividends Per
Share
Total Dividends
(in thousands)
June 30, 2006 $ 0.52 $ 40,723
June 30, 2005 $ 0.43 $ 35,114
Although in future years we plan to announce any dividend following the annual shareholders
meeting, typically held in May, the timing and amount of any future dividends will depend upon the
earnings, cash requirements and financial condition of the Company and other factors deemed
relevant by our Board of Directors.
We did not repurchase any shares of our common stock in the three months ended December
31, 2006.