Dell Technologies Inc. (NYSE:DELL) to Issue Quarterly Dividend of $0.45

Dell Technologies Inc. (NYSE:DELL) declared a quarterly dividend on Wednesday, September 18th, Zacks reports. Stockholders of record on Tuesday, October 22nd will be paid a dividend of 0.445 per share by the technology company on Friday, November 1st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, October 22nd.

Dell Technologies has a dividend payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dell Technologies to earn $8.74 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 20.4%.

Dell Technologies Stock Down 2.1 %

DELL opened at $126.46 on Monday. The business’s fifty day simple moving average is $114.96 and its 200 day simple moving average is $125.48. Dell Technologies has a 52 week low of $63.90 and a 52 week high of $179.70. The stock has a market cap of $89.70 billion, a PE ratio of 25.81, a P/E/G ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter in the previous year, the company posted $1.44 EPS. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that Dell Technologies will post 6.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on DELL. Barclays increased their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. TD Cowen dropped their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Morgan Stanley decreased their price target on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Finally, Raymond James dropped their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the sale, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by company insiders.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).