Dell Inc., the world's third-largest maker of personalcomputers, initiated a quarterly dividend of 8 cents a share. Thestock rose in extended trading.
The dividend will begin in the third quarter of the currentfiscal year, the Round Rock, Texas-based company said today in astatement. The dividend yield would be 2.7 percent, based onyesterday's closing price, Dell said.
Chief Executive Officer Michael Dell has been acquiring makersof data storage, networking gear and business software to diversifybeyond PCs as tablets and smartphones siphon sales. The company isexpanding in enterprise solutions to offer corporations a broaderlineup of products and services to run technology operations.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
