Dell to announce $ 5 billion share buyback program and dividend payout

US corporation Dell Technologies intends to announce a $ 5 billion share buyback program and dividend payment at today’s meeting of securities specialists, the company said in a press release.

“Dell Technologies (DELL) will announce a long-term financial outlook, a $ 5 billion share buyback program, and plans to start paying quarterly dividends in the first quarter of fiscal 2023,” it said.

The company clarifies that the payment of these dividends will be subject to board approval, with total annual compensation of approximately $ 1 billion.

In addition, the corporation notes that a share buyback program worth up to $ 5 billion will from November, following the planned completion of the spin-off of VMware’s virtualization software business.

Dell Technologies is an American corporation, one of the largest companies in the field of computer production. The company provides clients with the broadest and most innovative portfolio of data technologies and services in Round Rock, Texas, in the United States.