Dell Board Approves Special Cash Dividend
October 18 2013 - 4:05PM
Business Wire
Dell today announced that its board of directors has declared
the special cash dividend of $0.13 per common share contemplated by
the revised definitive merger agreement with affiliates of Michael
Dell and Silver Lake Partners. The record date for the special
dividend will be the close of business on Oct. 28, 2013. Payment of
the special dividend is conditioned upon, and will occur promptly
after, the closing of the pending merger transaction. The closing
is expected to occur before the end of the third quarter of Dell’s
current fiscal year, which ends on Nov. 1, 2013.
Dell has been informed by The NASDAQ Stock Market that the stock
will not trade ex-dividend. Investors who have questions regarding
the trading of the stock prior to the closing should contact The
NASDAQ Stock Market.
About Dell
Dell Inc. (NASDAQ: DELL) listens to customers and delivers
worldwide innovative technology, business solutions and services
that give them the power to do more. For more information, visit
www.dell.com.
Special Note on Forward Looking
Statements:
Statements in this press release that relate to future results
and events (including statements about Dell’s dividends and capital
allocation strategies) are forward-looking statements and are based
on Dell's current expectations. In some cases, you can identify
these statements by such forward-looking words as “anticipate,”
“believe,” “could,” “estimate,” “expect,” “intend,” “confidence,”
“may,” “plan,” “potential,” “should,” “will” and “would,” or
similar expressions. Actual results and events in future periods
may differ materially from those expressed or implied by these
forward-looking statements because of a number of risks,
uncertainties and other factors, including: Dell’s ability to pay
the special dividend being conditioned upon the completion of the
proposed merger; intense competition; Dell’s reliance on
third-party suppliers for product components, including reliance on
several single-sourced or limited-sourced suppliers; Dell’s ability
to achieve favorable pricing from its vendors; weak global economic
conditions and instability in financial markets; Dell’s ability to
manage effectively the change involved in implementing strategic
initiatives; successful implementation of Dell’s acquisition
strategy; Dell’s cost-efficiency measures; Dell’s ability to
effectively manage periodic product and services transitions;
Dell’s ability to deliver consistent quality products and services;
Dell’s ability to generate substantial non-U.S. net revenue; Dell’s
product, customer, and geographic sales mix, and seasonal sales
trends; the performance of Dell’s sales channel partners; access to
the capital markets by Dell or its customers; weak economic
conditions and additional regulation affecting our financial
services activities; counterparty default; customer terminations of
or pricing changes in services contracts, or Dell’s failure to
perform as it anticipates at the time it enters into services
contracts; loss of government contracts; Dell’s ability to obtain
licenses to intellectual property developed by others on
commercially reasonable and competitive terms; infrastructure
disruptions; cyber-attacks or other data security breaches; Dell’s
ability to hedge effectively its exposure to fluctuations in
foreign currency exchange rates and interest rates; expiration of
tax holidays or favorable tax rate structures, or unfavorable
outcomes in tax audits and other compliance matters; impairment of
portfolio investments; unfavorable results of legal proceedings;
Dell’s ability to attract, retain, and motivate key personnel;
Dell’s ability to maintain strong internal controls; changing
environmental and safety laws; the effect of armed hostilities,
terrorism, natural disasters, and public health issues; and other
risks and uncertainties discussed in Dell’s filings with the
Securities and Exchange Commission, including its Annual Report on
Form 10-K for its fiscal year ended February 3, 2012. Dell assumes
no obligation to update its forward-looking statements.
Dell is a trademark of Dell Inc.
Dell disclaims any proprietary interest in the marks and names
of others.
DellMedia Contacts: 512-728-4100David Frink,
512-728-2678david_frink@dell.comorColleen Ryan,
512-728-3863colleen_ryan@dell.comorInvestor Relations
Contacts:Karina Franco,
512-728-5224karina_franco@dell.comorDavid Mehok,
512-728-4225david_mehok@dell.com
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