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

Key Points

• Dell Technologies declared a quarterly dividend of $0.63 per share, payable October 30 to shareholders of record on October 20. The dividend implies a 0.6% annualized yield and is supported by a 23.8% payout ratio.
• Dell reported quarterly earnings of $7.04 per share, surpassing the $4.91 consensus estimate, while revenue rose 57.7% year over year to $46.97 billion.
• The stock traded at $444.39, with institutional investors owning 76.37% of shares; insiders have sold approximately $870.6 million worth of stock over the past 90 days.

Dell Technologies Inc. (NYSE:DELL - Get Free Report) announced a quarterly dividend on Tuesday, September 1st. Shareholders 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 of this dividend is Tuesday, October 20th.

Dell Technologies has a payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NYSE DELL traded up $19.39 during trading on Wednesday, reaching $444.39. 10,961,346 shares of the stock traded hands, compared to its average volume of 8,119,750. The stock 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. The company has a 50-day moving average of $433.44 and a 200-day moving average of $301.96.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share 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 company had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. During the same quarter last year, the firm posted $1.70 EPS. The firm'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. Analysts expect that Dell Technologies will post 18.32 earnings per share for the current fiscal year.

Insider Activity

In other Dell Technologies news, Director Lynn Vojvodich Radakovich sold 2,022 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $438.21, for a total value of $886,060.62. Following the sale, the director directly owned 25,267 shares in the company, valued at $11,072,252.07. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of the business's stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total transaction of $31,160,919.24. Following the transaction, the director owned 67,990 shares of the company's stock, valued at $30,836,184.60. This trade represents a 50.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,134,674 shares of company stock valued at $870,637,926. 41.50% of the stock is owned by company insiders.

Institutional Trading of Dell Technologies

Large investors have recently modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after purchasing an additional 901 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Dell Technologies in the second quarter valued at approximately $328,000. Marshall Wace LLP bought a new stake in Dell Technologies during the second quarter valued at approximately $809,000. Gamco Investors INC. ET AL grew its stake in Dell Technologies by 30.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company's stock worth $819,000 after buying an additional 1,550 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Dell Technologies by 147.2% in the 2nd quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company's stock worth $7,112,000 after buying an additional 34,538 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

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.

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