Dell Technologies Inc. (DELL) To Go Ex-Dividend on July 21st

Dell Technologies Inc. (NYSE:DELL) declared a quarterly dividend on Tuesday, June 16th. Shareholders of record on Tuesday, July 21st will be given a dividend of 0.63 per share by the technology company on Friday, July 31st. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, July 21st.

Dell Technologies has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Dell Technologies to earn $21.50 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 11.7%.

Dell Technologies Trading Up 1.5%

NYSE:DELL opened at $397.18 on Friday. Dell Technologies has a 1 year low of $110.22 and a 1 year high of $469.47. The stock has a market cap of $257.41 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 0.85 and a beta of 1.31. The stock has a 50-day moving average price of $372.69 and a two-hundred day moving average price of $228.67.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The company had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. During the same quarter last year, the firm posted $1.55 earnings per share. Dell Technologies’s revenue was up 87.5% compared to the same quarter last year. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. Sell-side analysts forecast that Dell Technologies will post 17.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DELL. Barclays cut shares of Dell Technologies from an “overweight” rating to a “reduce” rating in a report on Friday, May 29th. Citigroup started coverage on shares of Dell Technologies in a report on Monday, June 1st. They set an “outperform” rating on the stock. Citic Securities boosted their price objective on shares of Dell Technologies from $160.00 to $505.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Wells Fargo & Company upped their target price on shares of Dell Technologies from $270.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, Loop Capital increased their target price on Dell Technologies from $150.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $492.76.

Dell Technologies Company Profile

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.