'Thank you, Greece...Not!' - Dell (DELL)

June 13, 2012 4:02 PM EDT Send to a Friend
Though Dell, Inc. (Nasdaq: DELL) shares got off to a good start Wednesday after the company announced the initiation of a dividend late Tuesday, shares began having trouble fending off macro pressure heading into the afternoon on chatter a third bailout might be needed for Greece...if it stays in the EU, that is.

Analysts were looking for more from Dell following the analyst meeting. For a run down, click here.

Dell said it would pay eight cents quarterly, or 32 cents for the year. At Tuesday's close, that's an annual yield of 2.7 percent.

Shares of the computer giant made investors some money Wednesday, moving up as much as 62 cents on the session. However, the European headlines left Dell shares with just a 26 cent gain...only about 82 percent of the expected annual dividend.


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