Computacenter has announced plans to share £75m with shareholders after assuring investors it could make the payment and still had the funds to continuing investing in growth.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
The channel player is proposing to make a one-off return to shareholders of 48.7p a share which totals £75m, around 10% of its current market capitalisation and will ask shareholders for the green light on the plan at a extraordinary general meeting next month.
Computacenter chief executive Mike Norris said that this was the second time that it had been able to make a return like this to shareholders and stated that it could afford to be generous.
"The cash-generative nature of Computacenter's business has resulted in a net cash balance in excess of our current needs," he said.
"This has placed us in a position where we are now able to make the second significant one-off return of value to our shareholders, while maintaining an appropriate balance sheet structure to continue growing the business and serving our clients," he added.