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

Dell Technologies Inc. (NYSE:DELL) declared a quarterly dividend on Wednesday, September 18th, Zacks reports. Shareholders 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 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Tuesday, October 22nd.

Dell Technologies has a dividend payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dell Technologies to earn $8.81 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 20.2%.

Dell Technologies Price Performance

DELL stock opened at $117.78 on Friday. The company has a fifty day moving average price of $111.74 and a 200 day moving average price of $124.29. Dell Technologies has a 12 month low of $63.90 and a 12 month high of $179.70. The company has a market cap of $83.54 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 EPS. As a group, analysts anticipate that Dell Technologies will post 6.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. TD Cowen reduced their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Morgan Stanley dropped their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Susquehanna began coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Loop Capital boosted their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.19.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 1,546,550 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total transaction of $179,863,765.00. Following the completion of the sale, the chief executive officer now directly owns 11,912,241 shares of the company’s stock, valued at $1,385,393,628.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Michael S. Dell sold 1,546,550 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total transaction of $179,863,765.00. Following the transaction, the chief executive officer now owns 11,912,241 shares in the company, valued at approximately $1,385,393,628.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 1,032,968 shares of Dell Technologies stock in a transaction on Friday, September 13th. The stock was sold at an average price of $113.67, for a total transaction of $117,417,472.56. Following the completion of the transaction, the chief executive officer now owns 13,094,517 shares in the company, valued at approximately $1,488,453,747.39. The disclosure for this sale can be found here. Insiders have sold 7,297,857 shares of company stock worth $840,653,193 in the last ninety days. 46.70% of the stock is currently owned by corporate 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).