Dell shares surge on dividend announcement

PC maker Dell saw its shares rise as much as 6.6 per cent in late late trading after announcing it will pay a dividend for the first time.

13th June, 2012
Dell shares surge on dividend announcement
Dell is following a trend set by companies such as Apple and Microsoft.

PC maker Dell saw its shares rise as much as 6.6 per cent in late late trading after announcing it will pay a dividend for the first time.

The quarterly payout of 8 cents a share will begin in the period that ends in October, the Round Rock, Texas-based company said in a statement. The dividend’s yield would be 2.7 per cent, based on the stock’s closing price yesterday. The move follows a trend set by...

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