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Article: Dell Board Authorizes Two-For-One Stock Split
- Article from:
- PR Newswire
- Article date:
- November 12, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AUSTIN, Texas, Nov. 12 /PRNewswire/ -- The Board of Directors of Dell Computer Corporation (Nasdaq: DELL) has authorized a two-for-one stock split payable in the form of a 100 percent stock dividend to be issued on December 6, 1996, to stockholders of record as of November 25, 1996.
This is Dell's third stock split in the last five years. At the end of its most recent fiscal quarter, which ended October 27, 1996, Dell had 94 million shares issued of which 6 million were held by the company as treasury shares.
"This stock split reflects the achievement of our goal to provide consistently excellent financial results and superior value to our ...