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

Dell Technologies Inc. (NYSE:DELL) declared a quarterly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, October 20th will be paid a dividend of 0.63 per share by the technology company on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, October 20th.

Dell Technologies has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Dell Technologies to earn $22.36 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 11.3%.

Dell Technologies Stock Up 4.6%

Shares of NYSE DELL traded up $19.39 during trading hours on Wednesday, reaching $444.39. 10,961,346 shares of the stock traded hands, compared to its average volume of 8,119,750. The company’s 50-day simple moving average is $433.44 and its two-hundred day simple moving average is $301.96. The company has a market capitalization of $288.01 billion, a P/E ratio of 35.35, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34. Dell Technologies has a 52-week low of $110.22 and a 52-week high of $514.00.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.91 by $2.13. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The business had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. During the same quarter in the prior year, the firm earned $1.70 earnings per share. Dell Technologies’s revenue for the quarter was up 57.7% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. As a group, sell-side analysts forecast that Dell Technologies will post 18.32 earnings per share for the current fiscal year.

Dell Technologies Company Profile

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.