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Thu, September 6, 2012

Dell Board Approves First Quarterly Cash Dividend


Published on 2012-09-06 13:15:55 - Market Wire
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ROUND ROCK, Texas--([ ])--Dell today announced that on Oct. 22, 2012, a quarterly cash dividend of $0.08 per common share will be paid to all shareholders of record as of the close of business on Oct. 1, 2012. This is the first cash dividend paid to shareholders in the company's history.

"The payment of a quarterly cash dividend is intended to help contribute to long-term shareholder value. It is another element of our disciplined capital allocation strategy that includes an ongoing share-repurchase program and investments in research and development, capital expenditures and acquisitions"

The dividend policy approved by the Dell [ Board of Directors ] was announced by the company in June.

aThe payment of a quarterly cash dividend is intended to help contribute to long-term shareholder value. It is another element of our disciplined capital allocation strategy that includes an ongoing share-repurchase program and investments in research and development, capital expenditures and acquisitions,a said Brian Gladden, Dell chief financial officer.

About Dell

Dell Inc. (NASDAQ: DELL) listens to customers and delivers innovative technology and services that give them the power to do more. For more information, visit [ www.dell.com ].

Special Note on Forward-Looking Statements:

Statements in this press release that relate to future results and events (including statements about Dellas dividends and capital allocation strategies including share repurchase, research and development, capital expenditures and mergers and acquisitions) are forward-looking statements and are based on Dell's current expectations. In some cases, you can identify these statements by such forward-looking words as aanticipate,a abelieve,a acould,a aestimate,a aexpect,a aintend,a aconfidence,a amay,a aplan,a apotential,a ashould,a awilla and awould,a or similar expressions. Actual results and events in future periods may differ materially from those expressed or implied by these forward-looking statements because of a number of risks, uncertainties and other factors, including: intense competition; Dellas reliance on third-party suppliers for product components, including reliance on several single-sourced or limited-sourced suppliers; Dellas ability to achieve favorable pricing from its vendors; weak global economic conditions and instability in financial markets; Dellas ability to manage effectively the change involved in implementing strategic initiatives; successful implementation of Dellas acquisition strategy; Dellas cost-efficiency measures; Dellas ability to effectively manage periodic product and services transitions; Dellas ability to deliver consistent quality products and services; Dellas ability to generate substantial non-U.S. net revenue; Dellas product, customer, and geographic sales mix, and seasonal sales trends; the performance of Dellas sales channel partners; access to the capital markets by Dell or its customers; weak economic conditions and additional regulation affecting our financial services activities; counterparty default; customer terminations of or pricing changes in services contracts, or Dellas failure to perform as it anticipates at the time it enters into services contracts; loss of government contracts; Dellas ability to obtain licenses to intellectual property developed by others on commercially reasonable and competitive terms; infrastructure disruptions; cyber-attacks or other data security breaches; Dellas ability to hedge effectively its exposure to fluctuations in foreign currency exchange rates and interest rates; expiration of tax holidays or favorable tax rate structures, or unfavorable outcomes in tax audits and other compliance matters; impairment of portfolio investments; unfavorable results of legal proceedings; Dellas ability to attract, retain, and motivate key personnel; Dellas ability to maintain strong internal controls; changing environmental and safety laws; the effect of armed hostilities, terrorism, natural disasters, and public health issues; and other risks and uncertainties discussed in Dellas filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for its fiscal year ended February 3, 2012. Dell assumes no obligation to update its forward-looking statements.

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