Dell Declares Special Dividend

Based upon the revised going-private deal between Dell (UNKNOWN: DELL.DL  ) and Michael Dell, along with Silver Lake Partners, the board of directors announced today a special dividend of $0.13 that was contemplated by the revised definitive merger agreement.

Payment of the special dividend is conditioned upon the merger being completed, and will occur promptly after it occurs. The closing is expected to occur before the end of the third quarter of Dell's current fiscal year, which ends on Nov. 1.

As a result of Dell going private, the Nasdaq exchange was notified the stock will not trade ex-dividend.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2690374, ~/Articles/ArticleHandler.aspx, 5/30/2015 4:47:00 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...