Dell Dividend Boosts Shares as CEO Looks Beyond PC Era
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Dell Inc., which initiated its first dividend yesterday, will use acquisitions to add products for corporate customers and curb reliance on personal computers, a business battered by competition from smartphones and tablets.
The world’s third-largest PC maker plans to boost revenue from data-center products and technology services 45 percent to $27.5 billion by fiscal 2016, Dell said at a meeting with analysts today in Austin, Texas. Over that four-year period, PC-related revenue will climb 8.3 percent to $47 billion.