PC maker Dell to pay dividends
Struggling computer maker Dell announced Tuesday it will use some of its cash stockpile to pay shareholder dividends as it pursues a shift to services.Chairman and chief executive Michael Dell told CNBC television that in view of the PC maker's cash position and a shift to a more diversified business model, "we feel confident this is a great time to return this capital to shareholders now in perpetuity."The company will pay 32 cents per share annually, amounting to an annual expense of $560 million, from a cash stockpile of $17.2 billion.
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