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

Dell Technologies Inc. (NYSE:DELL) declared a quarterly dividend on Tuesday, December 3rd,RTT News reports. Shareholders of record on Wednesday, January 22nd will be given 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 0.3 %

NYSE:DELL opened at $125.20 on Wednesday. The stock has a market cap of $87.94 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.35 and a beta of 0.90. Dell Technologies has a 1 year low of $67.51 and a 1 year high of $179.70. The stock has a 50-day moving average price of $127.74 and a two-hundred day moving average price of $126.39.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period last year, the company earned $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. Sell-side analysts forecast that Dell Technologies will post 6.92 earnings per share for the current year.

Insider Activity

In other news, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the transaction, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The trade was a 9.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059 in the last ninety days. 46.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays increased their price target on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. UBS Group dropped their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft lowered their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday. Raymond James lowered their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

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).