Based upon the revised going-private deal between Dell (DELL +0.00%) 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.
