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

by · The Cerbat Gem

Dell Technologies Inc. (NYSE:DELL – Get Free Report) declared a quarterly dividend on Tuesday, December 3rd,RTT News reports. Shareholders of record on Wednesday, January 22nd will be paid a dividend of 0.445 per share by the technology company on Friday, January 31st. This represents a $1.78 dividend on an annualized basis and a yield of 1.42%.

Dell Technologies has a dividend payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Dell Technologies to earn $8.77 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 20.3%.

Dell Technologies Trading Down 0.2 %

NYSE DELL traded down $0.30 during trading hours on Tuesday, hitting $125.54. 6,978,423 shares of the company’s stock traded hands, compared to its average volume of 10,140,063. Dell Technologies has a 52 week low of $67.51 and a 52 week high of $179.70. The firm has a market capitalization of $88.18 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.35 and a beta of 0.90. The business’s fifty day moving average price is $127.74 and its two-hundred day moving average price is $126.39.

Dell Technologies (NYSE:DELL – Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 EPS. On average, sell-side analysts expect that Dell Technologies will post 6.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DELL shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday. Mizuho cut their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Barclays raised their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Sanford C. Bernstein reduced their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, Melius Research raised their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Read Our Latest Stock Report on Dell Technologies

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William F. Scannell sold 42,595 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. The trade was a 36.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,962,112 shares of company stock worth $2,114,595,059. Insiders own 46.70% of the company’s stock.

Dell Technologies Company Profile

(Get Free Report)

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).

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