Dell Technologies dividend history

Dell Technologies's dividend was $2.10 a share in fiscal 2026, up 18.0% on the year before. That was 24.6% of net income. It has raised its dividend per share every year since fiscal 2023, as far back as our figures go.

Dividends, buybacks and capital spending

FY2027 Q2 TTM

Buybacks (TTM): $8.5B
Dividends (TTM): $1.6B
Returned to shareholders: 118%; of free cash flow
Buybacks, last 3 fiscal years: $10.7B
Diluted share count: −5.7%; year over year
Total shareholder yield: 4.0%; dividends 0.6% + buybacks 3.4% of market value
Dividend payout ratio: 14%; of net income paid out
R&D spending: 2.4%; of revenue
Sales & admin spending: 8.0%; of revenue
Days sales outstanding: 55 days; receivables vs revenue

Dividends by fiscal year

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Dell Technologies: dividends by fiscal year, annual
Fiscal year	2015Jan 2015	2016Jan 2016	2017Feb 2017	2018Feb 2018	2019Feb 2019	2020Jan 2020	2021Jan 2021	2022Jan 2022	2023Feb 2023	2024Feb 2024	2025Jan 2025	2026Jan 2026	LTMJul 2026
Dividend per share	—	—	—	—	—	—	—	—	$1.32	$1.48	$1.78	$2.10	—
Dividend per share growth	—	—	—	—	—	—	—	—	—	+12.1%	+20.3%	+18.0%	—
Dividends paid	—	—	0.0	0.0	2.1	0.0	0.0	0.0	1.0	1.1	1.3	1.5	1.6
Share buybacks	—	—	0.6	0.7	14.1	0.0	0.2	1.5	2.9	2.1	2.6	6.0	8.5
Dividends ÷ net income	—	—	—	—	—	0.0%	0.0%	0.0%	39.5%	31.6%	27.8%	24.6%	13.8%
Dividends ÷ free cash flow	—	—	0.0%	0.0%	38.8%	0.0%	0.0%	0.0%	171.5%	18.1%	68.2%	17.1%	18.3%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

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Figures from Dell Technologies's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Dell Technologies.