Dell increases its stock buyback plan by $5 billion
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5 Dell analysts discuss implications for stock after AI-focused Investor Day
October 6, 2023 8:18 AM EDTAt the much-anticipated Investor Day that took place yesterday, Dell Technologies (NYSE: DELL) made changes to its long-term financial framework, which includes several significant changes.
The company plans to increase its existing share repurchase authorization by $5 billion, adding to the ongoing $5 billion plan. It is also targeting compounded annual revenue growth of 3%-4%, emphasizing a commitment to boosting non-GAAP EPS by 8% annually or better over the long term.
Dell also aims for net income to adjusted free cash flow conversion of 100% or better and anticipates growing its quarterly... More
Dell Technologies (DELL) Announces Updates to its Long-Term Financial Framework, Approves Additional $5 Billion Buyback Plan
October 5, 2023 8:32 AM EDTDell Technologies (NYSE: DELL) will announce updates to its long-term financial framework during its Securities Analyst Meeting taking place today at 8:30 a.m. CT/9:30 a.m. ET, including an increase to the company's share repurchase authorization, an increase to its annual capital return target and its commitment to grow the dividend1. Speakers will include Chairman and Chief Executive Officer Michael... More
