Dell Technologies Inc. (DELL) To Go Ex-Dividend on October 20th

Dell Technologies Inc. (NYSE:DELL) declared a quarterly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, October 20th will be given 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 0.5%. The ex-dividend date is Tuesday, October 20th.

Dell Technologies has a dividend payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 15.8%

NYSE:DELL opened at $492.00 on Thursday. The firm has a 50-day moving average price of $434.61 and a two-hundred day moving average price of $304.63. Dell Technologies has a twelve month low of $110.22 and a twelve month high of $514.00. The company has a market capitalization of $318.87 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 0.88 and a beta of 1.34.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, topping analysts’ consensus estimates of $4.91 by $2.13. The company had revenue of $46.97 billion during the quarter, compared to analysts’ expectations of $44.89 billion. Dell Technologies had a negative return on equity of 529.54% and a net margin of 7.53%.The business’s revenue for the quarter was up 57.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 earnings per share. 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. On average, equities research analysts predict that Dell Technologies will post 18.32 earnings per share for the current year.

Insider Buying and Selling

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $398.13, for a total value of $55,294,285.05. Following the completion of the sale, the director owned 8,585 shares of the company’s stock, valued at $3,417,946.05. This trade represents a 94.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Spv-2 L.P. Sl sold 131,040 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $398.13, for a total transaction of $52,170,955.20. Following the transaction, the director directly owned 12,619 shares in the company, valued at approximately $5,024,002.47. The trade was a 91.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,738,596 shares of company stock valued at $704,346,083. 41.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Hedge funds have recently bought and sold shares of the business. Commonwealth Retirement Investments LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $25,000. Rossby Financial LCC increased its position in shares of Dell Technologies by 968.4% in the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after purchasing an additional 184 shares during the last quarter. Cornerstone Financial Management LLC raised its stake in shares of Dell Technologies by 56.1% in the 2nd quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock valued at $28,000 after purchasing an additional 23 shares in the last quarter. Navalign LLC acquired a new position in Dell Technologies in the fourth quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Dell Technologies in the fourth quarter valued at about $29,000. Institutional investors and hedge funds 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.