Dell Board Approves First Quarterly Cash Dividend
Dell today announced that on Oct. 22, 2012, a quarterly cash dividend of $0.08 per common share will be paid to all shareholders of record as of the close of business on Oct. 1, 2012. This is the first cash dividend paid to shareholders in the company's history.
The dividend policy approved by the Dell Board of Directors was announced by the company in June.
“The payment of a quarterly cash dividend is intended to help contribute to long-term shareholder value. It is another element of our disciplined capital allocation strategy that includes an ongoing share-repurchase program and investments in research and development, capital expenditures and acquisitions,” said Brian Gladden, Dell chief financial officer.
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