Dell Technologies Inc. (DELL, Financial) said on Tuesday, that it will pay a quarterly dividend of $0.445 per share to shareholders of record as of Wednesday, January 22. The dividend, equivalent to $1.78 annually with a yield of 1.42%, will be distributed on Friday, January 31
The Company has affirmed adequate earnings cover further to support a nice dividend payout ratio of 18.9 %. Analysts predict Dell will earn $8.77 per share in the year 2025 while declaring dividends and predicting the payout ratio at 20.3%, so it is clear that the Company dividends are sustainable.
On Tuesday, Dell Technologies' stock sank by 0.2% to finish at $125.54. Roughly 6.87 million shares of stock were traded daily, considerably less than the roughly ten million shares traded daily. The stock is in the $67.51 – $179.70 52-week trading price range and has a market capitalization of $88.18 billion.
In the latest financial restatement, Dell posted fiscal third-quarter earnings of $2.15 per share, which is higher than the expected $1.83 per share. This morning, the Company reported Q3 revenue of $24.37 bn, 9.5% above the prior year but below the market consensus estimate of $24.67 bn quarterly revenue. Analysts forecast $6.92 per share in earnings for Round Rock-based Dell Technologies for the year.
Earnings results indicate that Dell Technologies needs to be part of an investor's stable portfolio. The Company is steadily enhancing its standing in the market while maintaining its emphasis on delivering long-term value to shareholders through regular dividend increases.
