Finance Project report

Dell Technologies Student Name Institutional Affiliation Course Name Instructor’s Name Due Date Dell Technologies Dell Technologies is a privately held IT services and consulting company formed in 2016 after the amalgamation with EMC Corporation. Its headquarters are in Round Rock, Texas. Dell Technologies' operational activities are mostly carried out by its subsidiaries. The company's capacity to generate cash for potential dividend payments is heavily reliant on cash flow and the cash collection from subsidiary dividends or intercompany loans. Dell Financial Services (DFS) and its affiliates also provide a range of financing choices and services to their customers in the United States, European, and Australian markets (Kraemer et al., 2019). The services provided by DFS comprise the creation, collection, and management of customer receivables, with a primary focus on those associated with the acquisition of Dell Technologies products and services. Following the closure of the financial year on January 28, 2022, Dell made an open announcement on February 24, 2022, about the introduction of a dividend policy (Larsen, 2022). This policy entails the payment of quarterly cash dividends on their common stock, starting in the second quarter of the 2023 financial year (Bhattacharya & Agnihotri, 2024). Dell’s board, as posited by Li (2022), declared the first quarterly dividend of $0.33 per share under the new policy, with the dividend rate standing for each fiscal quarter in Fiscal 2023 and 2024. The decision of the dividend policy and the declaration and payment of quarterly cash dividends is contingent upon the ongoing assessment by the company’s board to ensure that these policies and declarations are aligned with the best interests of Dell’s stockholders and adhere to relevant legal requirements (Dell Technologies, 2018). The listing and trading of Dell's Class C Common Stock occurs on the New York Stock Exchange, where it is denoted by the symbol "DELL." The trading of Class C Common Stock commenced on December 28, 2018, on the Nasdaq (Remme, 2018). Dell Technologies is yet to float its Class A and Class B Stocks to the public market. As of January 28, 2022, there were no outstanding shares of Dell's Class D Common Stock. As of March 22, 2023, Larsen (2022) identified the number of holders of record for Dell's Class C Common Stock increased to 4,369, while the number of holders of record for their Class A Common Stock and Class B Common Stock increased to six each. The count of record holders does not encompass persons or entities who own beneficial ownership of shares belonging to any category of Dell’s shares. ...