Dell Technologies Relisted on the S&P 500 Index

Rhea-AI Summary

Dell Technologies (NYSE: DELL) has been relisted on the S&P 500 Index as it marks its 40th year in business. The company is well-positioned to capitalize on the enterprise AI adoption trend, leveraging its broad technology portfolio across PCs, data center infrastructure, software, and services.

CEO Michael Dell expressed excitement about rejoining the S&P 500, emphasizing the company's strong position in the AI era. Dell has demonstrated robust financial performance, returning $9 billion to shareholders through stock repurchases and dividends since initiating its capital allocation program in fiscal year 2023.

The company's strategy focuses on expanding its leadership positions and growing into new areas, particularly AI. This relisting marks Dell's return to the S&P 500 after going private in 2013.

Positive

• Relisted on the S&P 500 Index, potentially increasing visibility and investor interest
• Strong position in enterprise AI adoption, a growing market segment
• Returned $9 billion to shareholders through stock repurchases and dividends
• Maintains leading positions in primary businesses

Negative

• None.

ROUND ROCK, Texas, Sept. 24, 2024 /PRNewswire/ -- Dell Technologies (NYSE: DELL) announces it is listed on the S&P 500 Index as the company helps organizations take full advantage of enterprise AI adoption, extend its leadership, and capture new growth in the AI era.

Dell's inclusion in the S&P 500 comes in its 40^th year of business, during which it built the industry's broadest technology portfolio across PCs, data center infrastructure, software, and services. The company maintains leading positions in its primary businesses, positioning it well for its next phase bringing AI to enterprises of all industries across the globe.

"We're excited to rejoin the S&P 500," said Michael Dell, CEO and chairman, Dell Technologies. "As we enter the age of AI, Dell Technologies has never been better positioned to deliver extraordinary value to our customers and shareholders."

Dell continues to generate strong cashflow and exceed its capital return commitments, returning $9 billion to shareholders through stock repurchases and dividends since starting its capital allocation program in its fiscal year 2023. The company's strategy is to leverage its strengths to expand its leadership positions and grow into new areas, like AI.

Dell was previously included in the S&P 500 before it went private in 2013.

About Dell Technologies

Dell Technologies (NYSE:DELL) helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the AI era.

Copyright © 2024 Dell Inc. or its subsidiaries. All Rights Reserved. Dell Technologies, Dell, EMC and Dell EMC are trademarks of Dell Inc. or its subsidiaries. Other trademarks may be trademarks of their respective owners. 

 

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SOURCE Dell Technologies

FAQ

When was Dell Technologies (DELL) relisted on the S&P 500 Index?

Dell Technologies (DELL) was relisted on the S&P 500 Index on September 24, 2024, as announced in the press release.

How much has Dell Technologies (DELL) returned to shareholders recently?

Dell Technologies (DELL) has returned $9 billion to shareholders through stock repurchases and dividends since starting its capital allocation program in fiscal year 2023.

What is Dell Technologies' (DELL) focus in the AI era?

Dell Technologies (DELL) is focusing on helping organizations take full advantage of enterprise AI adoption, extending its leadership, and capturing new growth in the AI era.

When was Dell Technologies (DELL) previously included in the S&P 500 Index?

Dell Technologies (DELL) was previously included in the S&P 500 Index before it went private in 2013.