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March 3 - Dell Technologies (DELL, Financial) is set to reward shareholders as it hikes its annual dividend by 18% to $2.10 per share and unveils an additional $10 billion share buyback program. The announcement, made on Feb. 27 on its earnings call, underscores management's confidence in the company's future free cash flow amid evolving market dynamics.
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The payment of dividends through 700.5 million outstanding shares amounts to $1.471 billion in expenses, representing a minor increase from the previous year's expenses. Also, Q4 revenue at the company achieved a 7.2% yearly increase thanks to strong performance in its Infrastructure Solutions Group that was driven by growing AI server demand. Operating cash flow maintains a strong standing that allows the company to continue its dividend payments and buyback program despite a 53% decline in adjusted free cash flow margins from last year.
This article first appeared on GuruFocus.