CORRECTION: Dell To Increase Existing Share Repurchase Authorization By $5B; Expects To Grow Quarterly Dividend 10% Or More Annually Through Fiscal 2028
Portfolio Pulse from Bill Haddad
Dell has announced plans to increase its existing share repurchase authorization by $5 billion. The company also expects to grow its quarterly dividend by 10% or more annually through fiscal 2028.
October 05, 2023 | 12:39 pm
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Dell's decision to increase its share repurchase authorization and grow its quarterly dividend could make its stock more attractive to investors, potentially leading to a short-term increase in its stock price.
Share repurchases often lead to a rise in the stock price as they reduce the number of shares outstanding, thereby increasing earnings per share. Additionally, a growing dividend can make a stock more attractive to income-focused investors, potentially driving up demand for the stock.
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