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DELL Celebrates Re-Listing on S&P
Dell's inclusion in the S&P 500 comes in its 40th 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 CEO Michael Dell, "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.
Its stock opened Tuesday higher by 30 cents to $117.82.
