Dell (DELL) Sees Dividend Beginning in Q3; Highlights Progress in Becoming End-to-End Enterprise Solutions Co.
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Price: $13.34 -0.07%
Overall Analyst Rating:
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Dividend Yield: 2.2%
EPS Growth %: -3.8%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.2%
EPS Growth %: -3.8%
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Dell (Nasdaq: DELL) executives today addressed the company’s significant progress in becoming an end-to-end provider of enterprise solutions and services and the ongoing commitment to that strategy at its annual stockholders meeting.
Dell and Brian Gladden, Dell CFO, outlined the steps taken by the company to establish Dell as a full-service solutions company, and how the company’s business has shifted, with enterprise solutions and services accounting for 50 percent of its gross margin in the first quarter of fiscal year 2013. Among those actions was the formation earlier this year of a Software Group to add to Dell’s enterprise solutions capability, accelerate strategic growth and further differentiate the company from competitors with standards-based, scalable and flexible Dell-owned intellectual property.
Dell is building its software portfolio in part through strategic acquisitions. The company recently announced a definitive agreement for Dell to acquire Quest Software, an award-winning IT management software provider offering a broad selection of IT solutions. The Quest acquisition is expected to be completed in Dell’s fiscal third quarter. Dell has made eight acquisitions in the last 12 months and 16 in the past two years.
Success of these efforts was evidenced by the June 12 announcement that its Board of Directors adopted Dell’s first-ever dividend policy, under which the company intends to pay quarterly cash dividends on its common stock beginning in the third quarter of the current fiscal year. The initial dividend rate is expected to be $0.32 per share per year, or $0.08 per share quarterly.
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Dell and Brian Gladden, Dell CFO, outlined the steps taken by the company to establish Dell as a full-service solutions company, and how the company’s business has shifted, with enterprise solutions and services accounting for 50 percent of its gross margin in the first quarter of fiscal year 2013. Among those actions was the formation earlier this year of a Software Group to add to Dell’s enterprise solutions capability, accelerate strategic growth and further differentiate the company from competitors with standards-based, scalable and flexible Dell-owned intellectual property.
Dell is building its software portfolio in part through strategic acquisitions. The company recently announced a definitive agreement for Dell to acquire Quest Software, an award-winning IT management software provider offering a broad selection of IT solutions. The Quest acquisition is expected to be completed in Dell’s fiscal third quarter. Dell has made eight acquisitions in the last 12 months and 16 in the past two years.
Success of these efforts was evidenced by the June 12 announcement that its Board of Directors adopted Dell’s first-ever dividend policy, under which the company intends to pay quarterly cash dividends on its common stock beginning in the third quarter of the current fiscal year. The initial dividend rate is expected to be $0.32 per share per year, or $0.08 per share quarterly.
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