Dell investors get cash back as it bulks up enterprise division

Dell investors get cash back as it bulks up enterprise division

Summary: The company has announced plans to pay back shareholders with dividends while keeping up spending on its enterprise solutions and services portfolio

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Dell is shifting some of its financial policies with the hopes of putting more money in the hands of stockholders while building its enterprise divisions.

Dell chief executive and chairman Michael Dell said on Tuesday that the company's board of directors have adopted new policies that will result in quarterly cash dividend payments on its common stock starting during the third quarter of the current fiscal year.

Chief financial officer Brian Gladden acknowledged in prepared remarks that this will require a balancing act between quarterly dividend payments and new investments within Dell's enterprise solutions and services portfolio. However, Dell remains optimistic in that field — mainly because it looks like that's where the Round Rock, Texas-based corporation is making most of its money these days, as explained in a statement.

For more on this ZDNet UK-selected story, see Dell to start quarterly cash dividend payments in Q3 on ZDNet.com.


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