Moreover, Dell Technologies aims to enhance its returns to shareholders by increasing its quarterly dividend. The company plans to raise the dividend by 10% or more annually through fiscal 2028. This step reflects Dell's confidence in its future financial performance and long-term prospects.
In addition to these initiatives, Dell Technologies is focused on sustainable growth. The company is targeting a compounded annual revenue growth rate of 3% to 4%. Furthermore, it is striving for adjusted per-share earnings growth of 8% or more over the long term. These goals showcase the company's dedication to delivering consistent and profitable results.
Michael Dell, Chairman and CEO of Dell Technologies, expressed his optimism about the company's trajectory. He stated, "We are incredibly well positioned for this next wave of technology expansion, growth, and progress. Whether it's workplace solutions, multicloud, intelligence at the edge, or AI and now GenAI — all of it takes a whole lot of what we offer."
Despite a slight decrease in premarket trading, Dell's stock has been performing impressively throughout the year, with a notable 67% increase. Comparatively, the S&P 500 has gained 11% in the same period.
Dell Technologies remains dedicated to innovation and creating value for its shareholders. With its strategic initiatives and strong market presence, the company is poised to thrive in the ever-evolving technology landscape.
More Articles
All Rights Reserved © 2024
Post a comment