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

Dell Technologies Inc. (NYSE:DELL) 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 $2.52 annualized dividend and a 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. Analysts expect Dell Technologies to earn $29.27 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 8.6%.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $450.68 on Friday. The stock has a market capitalization of $286.55 billion, a P/E ratio of 26.16, a PEG ratio of 0.47 and a beta of 1.37. Dell Technologies has a one year low of $110.22 and a one year high of $595.51. The firm’s 50 day simple moving average is $514.56 and its two-hundred day simple moving average is $393.30.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating 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 net margin of 7.53% and a negative return on equity of 578.85%. The firm’s revenue was up 57.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. 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. As a group, equities analysts expect that Dell Technologies will post 25.13 earnings per share for the current fiscal year.

About Dell Technologies

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.

The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.