Dell Technologies Inc. (NYSE:DELL) Increases Dividend to $0.63 Per Share

Dell Technologies Inc. (NYSE:DELL) announced a quarterly dividend on Monday, March 2nd. Stockholders of record on Tuesday, April 21st will be given a dividend of 0.63 per share by the technology company on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, April 21st. This is a 20.0% increase from Dell Technologies’s previous quarterly dividend of $0.53.

Dell Technologies has a payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dell Technologies to earn $8.16 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 25.7%.

Dell Technologies Trading Up 3.7%

Shares of NYSE:DELL traded up $5.50 during trading on Monday, hitting $153.58. 12,540,967 shares of the stock were exchanged, compared to its average volume of 8,494,343. The company has a market cap of $101.77 billion, a PE ratio of 17.61, a P/E/G ratio of 0.97 and a beta of 0.96. The company has a fifty day moving average price of $121.71 and a two-hundred day moving average price of $131.97. Dell Technologies has a 12-month low of $66.25 and a 12-month high of $168.08.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.36. The firm had revenue of $33.38 billion during the quarter, compared to analysts’ expectations of $31.60 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.Dell Technologies’s revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.68 earnings per share. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. Equities research analysts anticipate that Dell Technologies will post 6.93 earnings per share for the current fiscal 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.