Dell Inc., the world’s third-largest maker of personal computers, initiated a quarterly dividend of 8 cents a share. The stock rose in extended trading.
The dividend will begin in the third quarter of the current fiscal year, the Round Rock, Texas-based company said today in a statement. The dividend yield would be 2.7 percent, based on yesterday’s closing price, Dell said.
The company lost share in the global PC market in the first three months of the year and trails Hewlett-Packard Co. and Lenovo Group Ltd., according to market researcher Gartner Inc.