Cloud storage and information technology services company EMC (EMC) announced today that it will both expand its existing share buyback program and initiate a dividend, based on confidence in its long term business strategy and prospects. Shares in the Hopkinton, Massachusetts based company jumped over 4% in early-day trading on the news.
EMC’s dividend of 10 cents per share on a quarterly basis (40 cents per share per year) will be paid on July 23 to shareholders of record on July 1, with an ex-dividend date of June 27. EMC’s dividend yield based on the payout stands at 1.6%. EMC also announced it will tap the debt markets to raise cash, although it doesn’t expect the move to have any significant impact in its financial results for the remainder of 2013.
Source: InvestorPlace
Related Articles:
- 10 Stocks That Have Paid Uninterrupted Dividends Since 1899
- Mid-Year 2012 Top And Bottom Performing Dividend Stocks
- A Simple Approach To Earn More Than 4% In Dividends
- 5 Basic Materials Stocks With Growing 3%+ Dividends
- What To Do When A Stock Fails To Raise Its Dividend
EMC Joins the List of Technology’s Dividend Stocks
Posted by D4L | Wednesday, June 12, 2013 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
Dividend Growth Stocks News
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
We screened our 24/7 Wall St. dividend equity research database and found 5 stocks that combined can generate over $3,000 of annual passive ...
-
The stock market has been on an upward path of late, with some of the most prominent stocks hitting astronomical highs. The dividend yield o...
-
Dividend growth stocks can be incredibly attractive investments if you crave recurring income. As these types of stocks raise their dividend...
-
Dividends can be a tremendously powerful part of your investing strategy. Not only can they give you a continuing source of cash to reinvest...
-
The most dependable dividend stocks typically have a long track record of sustaining payouts through different market cycles. Companies with...
-
In my opinion, there are three criteria investors should consider when evaluating a particular stock for their portfolio. The first is histo...
-
In this article, we discuss 5 best March dividend stocks to buy. If you want to read our detailed analysis of dividend capture strategy and ...
-
As the broader stock rally broadens to some of the more “boring” corners of the market, it’s the higher-yielding dividend plays that could s...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.