EMC declares dividend
EMC Corp. of Hopkinton, which recently announced financial results that exceeded analysts’ expectations, has declared a quarterly cash dividend of 10 cents per share of stock that it will pay in April.
The dividend will be paid April 23 to shareholders of record effective April 14, the data storage giant said.
Late last month, EMC said management had approved a restructuring plan. In the same week, it announced fourth-quarter revenue of $6.7 billion, up 11 percent compared to a year earlier, and resulting in net income of $1 billion, an annual increase of 17 percent. Earnings per share increased 11 percent year over year, to 60 cents per share.
Meanwhile, full-year revenue was $23.2 billion, a jump of 7 percent over 2012. EMC reported annual net income of $2.9 billion, a 6 percent year-over-year increase.
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