Dell Rolls Out Share Buyback Of Up To $5B, Annual Dividend Up To $1B

Dell Technologies Inc DELL announced long-term guidance, a share repurchase program and quarterly dividend plans for the first quarter of fiscal 2023 during Thursday's online Securities Analyst Meeting.
Dell announced compounded annual revenue growth guidance of 3%-4% and compounded annual growth in non-GAAP EPS of 6%-plus through FY26.
Dell is guiding to a net income to adjusted free cash flow conversion of 100% or better through this period.
Dell is launching a share repurchase program of up to $5 billion effective November 2021 upon completing the VMware Inc VMW spin-off.
Dell plans to initiate a quarterly dividend from the first quarter of FY23 targeting an annual dividend of $1 billion.
Dell aims to return 40%-60% of adjusted free cash flow to shareholders via share repurchases and dividends from FY23.
DELL Price Action: Dell shares were trading 3.64% higher at $102.89 midday Thursday.

Momentum23.18

Growth49.88

Quality-

Value40.42

Short

Medium

Long

Calendars