Dell Technologies Inc. (NYSE:DELL) Plans Quarterly Dividend of $0.63

Dell Technologies Inc. (NYSE:DELL) declared a quarterly dividend on Tuesday, June 16th. Investors 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) dividend on an annualized basis and a dividend 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. 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 Stock Performance

Shares of NYSE:DELL opened at $404.07 on Wednesday. The firm has a fifty day moving average price of $273.91 and a 200 day moving average price of $183.09. Dell Technologies has a fifty-two week low of $110.22 and a fifty-two week high of $469.47. The firm has a market cap of $260.93 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 0.88 and a beta of 1.30.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. Dell Technologies’s revenue for the quarter 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. As a group, research analysts predict that Dell Technologies will post 17.6 earnings per share for the current year.

About Dell Technologies

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.