Dell Technologies Inc. (NYSE:DELL) to Issue $0.63 Quarterly Dividend

Dell Technologies Inc. (NYSE:DELLGet Free Report) declared a quarterly dividend on Tuesday, June 16th. Shareholders of record on Tuesday, July 21st will be paid a dividend of 0.63 per share by the technology company on Friday, July 31st. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, July 21st.

Dell Technologies has a dividend payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dell Technologies to earn $21.15 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 11.9%.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $404.07 on Wednesday. Dell Technologies has a 1 year low of $110.22 and a 1 year high of $469.47. The firm’s 50-day moving average is $273.91 and its two-hundred day moving average is $183.09. The stock has a market cap of $260.93 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 0.88 and a beta of 1.30.

Dell Technologies (NYSE:DELLGet Free Report) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. During the same period in the prior year, the business earned $1.55 EPS. The firm’s quarterly revenue was up 87.5% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. On average, equities analysts expect that Dell Technologies will post 17.6 earnings per share for the current year.

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Dell Technologies Company Profile

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Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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Dividend History for Dell Technologies (NYSE:DELL)

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