Dell raises its cash dividend 20% and adds $10B to its share buyback authorization

Alongside its fourth-quarter results, Dell said it is raising its cash dividend by 20% and increasing its share repurchase authorization by $10 billion. The company generated $11.2 billion of operating cash flow in fiscal 2026, including $4.7 billion in the fourth quarter. The larger buyback gives Dell more room to return cash.

• Quarterly cash dividend raised by 20%
• Share repurchase authorization increased by $10 billion
• FY2026 operating cash flow $11.2B; Q4 $4.7B