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Dell Board Approves First Quarterly Cash Dividend Ever

By TechTaffy Desk

[Techtaffy Newsdesk]

Dell will pay a quarterly cash dividend of 8 cents per common share will be paid  Oct. 22, 2012 to all shareholders of record as of the close of business on Oct. 1, 2012. This is the first cash dividend paid to shareholders in the company’s history.

“The payment of a quarterly cash dividend is intended to help contribute to long-term shareholder value. It is another element of our disciplined capital allocation strategy that includes an ongoing share-repurchase program and investments in research and development, capital expenditures and acquisitions,” said Brian Gladden, Dell chief financial officer.

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