Dell Technologies Inc. (DELL) to Issue Quarterly Dividend of $0.63 on July 31st

Dell Technologies Inc. (NYSE:DELL) announced a quarterly dividend on Tuesday, June 16th. Investors of record on Tuesday, July 21st will be paid a dividend of 0.63 per share by the technology company on Friday, July 31st. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, July 21st.

Dell Technologies has a dividend payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dell Technologies to earn $21.15 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 11.9%.

Dell Technologies Stock Performance

Shares of DELL stock opened at $420.10 on Thursday. Dell Technologies has a one year low of $110.22 and a one year high of $469.47. The company’s 50-day moving average is $278.85 and its 200 day moving average is $185.11. The company has a market capitalization of $271.28 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 0.87 and a beta of 1.30.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same period in the prior year, the firm posted $1.55 EPS. Dell Technologies’s revenue for the quarter was up 87.5% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. As a group, research analysts predict that Dell Technologies will post 17.6 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Silver Lake Partners V. De (Aiv sold 20,095 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $403.12, for a total transaction of $8,100,696.40. Following the sale, the director owned 50,381 shares of the company’s stock, valued at $20,309,588.72. This trade represents a 28.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David W. Dorman sold 41,292 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $405.89, for a total transaction of $16,760,009.88. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 4,926,319 shares of company stock worth $1,564,573,764. 41.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Dell Technologies in the fourth quarter valued at about $607,349,000. Wellington Management Group LLP raised its stake in Dell Technologies by 4,279.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock valued at $426,129,000 after purchasing an additional 2,937,137 shares during the period. Invesco Ltd. lifted its holdings in Dell Technologies by 50.4% in the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock worth $919,051,000 after purchasing an additional 2,445,854 shares in the last quarter. Michael & Susan Dell Foundation lifted its holdings in Dell Technologies by 533.3% in the 4th quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company’s stock worth $337,652,000 after purchasing an additional 2,258,797 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Dell Technologies by 541.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company’s stock worth $283,052,000 after purchasing an additional 1,685,529 shares during the period. 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.