Here is how Dell Board has Approved Special Cash Dividend: stakes and opportunities for investors.

Connectikpeople may recall that, following the preliminary vote tally from the special meeting of stockholders, Dell stockholders have approved the proposal in which Michael Dell, Dell’s Founder, Chairman and CEO, will acquire Dell in partnership with global technology investment firm Silver Lake Partners.
This means, in connection with the transaction, Dell stockholders will receive $13.75 in cash for each share of Dell common stock they hold, plus payment of a special cash

dividend of $0.13 per share to stockholders of record as of a date prior to the effective time of the merger, for total consideration of $13.88 per share in cash.

In this dynamic, since yesterday evening, Dell announced that its board of directors has declared the special cash dividend of $0.13 per common share contemplated by the revised definitive merger agreement with affiliates of Michael Dell and Silver Lake Partners. The record date for the special dividend will be the close of business on Oct. 28, 2013. Payment of the special dividend is conditioned upon, and will occur promptly after, the closing of the pending merger transaction. The closing is expected to occur before the end of the third quarter of Dell’s current fiscal year, which ends on Nov. 1, 2013.

Dell has been informed by The NASDAQ Stock Market that the stock will not trade ex-dividend.