Dell Raised Its Quarterly Dividend by 20% This Year After Only Initiating Its Dividend Program in 2023. Can Passive Income Investors Trust the Stock?
The stock has also soared this year.
Overview
It's been a banner year for Dell Technologies (NYSE: DELL), with its stock up nearly 325% at the time of this writing.
Like many other large tech stocks, it has found its place in the artificial intelligence (AI) supply chain, specifically with its AI servers, which have been in high demand this year as graphics processing unit (GPU) clusters and data centers scale.
Details
As such, Dell has been able to distribute more capital back to shareholders, noticeably raising its quarterly dividend by 20% earlier this year. Dell only initiated its dividend program in 2023.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.