Dell Plans Buybacks, Provides Post-Spinoff Outlook

Dell Technologies Inc. is planning a $5 billion share-repurchase program and projected revenue growth of up to 4% annually through fiscal 2026 as it nears the spinoff of its majority stake in VMware Inc. in November.

The company also plans to start paying dividends to shareholders in the fiscal quarter that will run through April 2022. Dell is targeting dividends of about $1 billion a year, it said Thursday.