US PC maker Dell unveils first dividend of 8 US cents a share

Dell said it would pay a cash dividend of 8 cents per share on Oct. 22.

“This is the first cash dividend paid to shareholders in the company's history,” the company said in a statement.

“The payment of a quarterly cash dividend is intended to help contribute to long-term shareholder value,” Brian Gladden, Dell chief financial officer, said.

Founded in 1984, Dell Computer Corporation went public in 1988.

Michael Dell, the firm's founder, chairman and chief executive, announced in June that in view of the PC maker's cash position and a shift to a more diversified business model, “we feel confident this is a great time to return this capital to shareholders now in perpetuity.”

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	US judge approves Justice Dept. deal in e-book price-fixing case

NEXT ARTICLE
Glencore considers 'options' on Xstrata merger following setback

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit