EMC (EMC) Plans Quarterly Dividend of $0.10

EMC (NYSE:EMC) announced a quarterly dividend on Thursday, May 30th, Analyst Ratings Network reports. Shareholders of record on Monday, July 1st will be paid a dividend of $0.10 per share on Tuesday, July 23rd. This represents a $0.40 annualized dividend and a dividend yield of 1.69%.

EMC has been the subject of a number of recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of EMC in a research note to investors on Wednesday. On a related note, analysts at Zacks upgraded shares of EMC from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $25.00 price target on the stock.

Eight analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $29.35.

Shares of EMC (NYSE: EMC) opened at 23.66 on Thursday. EMC has a 52 week low of $21.45 and a 52 week high of $28.18. The stock’s 50-day moving average is currently $23.06. The company has a market cap of $49.706 billion and a P/E ratio of 19.17.

EMC (NYSE: EMC) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.01. The company had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. EMC has set its FY13 guidance at $1.85 EPS. On average, analysts predict that EMC will post $1.86 earnings per share for the current fiscal year.

EMC Corporation (NYSE: EMC) and its subsidiaries develops, delivers and supports the information technology (IT) industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services.

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