Computer maker Dell Inc. will soon pay its first dividend.
CEO Michael Dell said Tuesday that the company’s strong cash flow will allow it to pay a quarterly dividend of 8 cents per share beginning in the third quarter.
That represents a dividend yield of 2.7 percent based on the closing price of the company’s shares Monday
Dell, based in Austin, Texas, had been among many technology companies that did not pay dividends.
The dividend announcement coincided with the start of Dell’s annual analysts meeting. Dell is on a years-long journey toward becoming a revamped technology company that is a trusted partner to its customers rather than a seller of commodity laptop and desktop computers.News Tribune news services