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.
Chief Executive Officer Michael Dell has been acquiring makers of data storage, networking gear and business software to diversify beyond PCs as tablets and smartphones siphon sales. The company is expanding in enterprise solutions to offer corporations a broader lineup of products and services to run technology operations.
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