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DELLTechnologies News Release Dell Technologies to Announce Long - Term Guidance , Share Repurchase Program and Dividend Intention at Securities Analyst Meeting Today ROUND ROCK , Texas - September 23 , 2021 Dell Technologies ( NYSE : DELL ) will announce long - term guidance , a share repurchase program and outline its plans to begin paying quarterly dividends in its fiscal 2023 first quarter during its Securities Analyst Meeting taking place online today at 9:00 a.m. CT / 10 : 00 a.m. ET . Speakers will include chairman and chief executive officer Michael Dell along with other key members of the executive leadership team , with significant time allotted for Q & A . Dell Technologies will announce that it expects compounded annual revenue growth of 3 % -4 % and compounded annual growth in non - GAAP diluted earnings per share of 6 + % through fiscal 2026. The company will also announce that it expects net income to adjusted free cash flow conversion of 100 % or better through this period.¹ Dell Technologies ' third quarter fiscal 2022 expectations will remain consistent with the guidance described in the company's second quarter earnings call , including year over - year revenue growth in the mid- to high teens and operating income up 1 % -2 % sequentially . Dell Technologies also will announce approval of a share repurchase program of up to $ 5 billion effective November 2021 , upon the projected completion of the VMware spin - off , at which time it expects to reach investment - grade corporate family credit rating . In addition , the company will announce that it plans to initiate a quarterly dividend with an attractive yield in its fiscal 2023 first quarter , subject to approval by its board of directors , targeting an annual dividend of approximately $ 1 billion . The company will announce the actual dividend rate and other information about the dividend program upon board approval . Dell Technologies is targeting returning 40 % -60 % of adjusted free cash flow to shareholders through share repurchases and dividends , starting in fiscal 2023 . " At Dell technologies , our core business is growing and thriving , " said Michael Dell , chairman and chief executive officer , Dell Technologies . " And from there , we are building multiple , multi - billion - dollar businesses in areas like edge and telecom where our market position , unique capabilities , and go - to market reach let us do what others can't . " Information about the foregoing matters and other information to be delivered by Dell Technologies at the Securities Analyst Meeting can be found in the company's current report on Form 8 - K furnished to the Securities and Exchange Commission . ## 1