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Dell Spins Off VMware To Shareholders: 5 Things Investors Should Know

Dell Technologies has officially spin-out its 81 percent majority stake in VMware to Dell shareholders today. Here’s what Dell and VMware investors need to know about the final share numbers, tax write-off and $11.5 billion special dividend.

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What Dell Shareholders Are Getting From Dell’s Spin-Off Of VMware

Dell Technologies has shed its 81 percent stake in VMware to Dell Technologies shareholders, creating an independent software company with a market value of approximately $64 billion.

In a move to appeal to a larger group of investors, Dell will start paying a dividend and will end its multi-class share structure.

A huge number of Dell shareholders and investors are looking at VMware’s $11.5 billion special cash dividend the company will give to current Dell stakeholders. As of Oct. 29, 2021, the number of shares of VMware common stock outstanding was 419,662,495.

Dell’s stock is trading up less 1 percent today to $110.45 per share as of 11:36 a.m. EDT.

CRN reviewed several recent Dell and VMware filings with the U.S. Securities and Exchange Commission to break down the five most important things Dell shareholders and investors need to know about Dell’s spin-off of VMware today.

 

 
 
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