5 Companies that Just Started Paying Dividends

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In this article, we discuss companies that just started paying dividends. If you want to read our detailed analysis of dividend stocks and their importance, go directly to read 15 Companies that Just Started Paying Dividends

5. Dell Technologies Inc. (NYSE:DELL)

Dividend Yield as of March 2: 3.26%

Dell Technologies Inc. (NYSE:DELL) is a Texas-based technology company that develops and sells computers and related products. The company started paying dividends in February 2022 and currently pays a quarterly dividend of $0.33 per share. The stock has a dividend yield of 3.26%, as of March 2.

Morgan Stanley raised its price target on Dell Technologies Inc. (NYSE:DELL) to $47 in February with an Equal Weight rating on the shares. The firm mentioned that consumer and commercial market weakness could prolong the company’s softer-than-expected demand.

At the end of Q4 2022, 46 hedge funds tracked by Insider Monkey reported having investments in Dell Technologies Inc. (NYSE:DELL), down from 49 in the previous quarter. The stakes owned by these hedge funds have a total value of over $1.12 billion.

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