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Dell Is About to Become a Great Dividend Stock

·4 min read
Dell Is About to Become a Great Dividend Stock
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Dell Technologies (NYSE: DELL) shareholders are about to realize a corporate event they've been looking forward to for over a year now: the tax-free spinoff of Dell's 80.6% stake in virtualization software company VMware (NYSE: VMW). Dell's stock has already done quite well in 2021, up more than 40% on the year, in anticipation of the move. Last week, management held an analyst day, touting its outlook for the core business, as well as the future implementation of a large share repurchase plan and initiation of what looks to be a hefty future dividend.