VMware Completes Spin-Off from Dell

VMware and Dell Technologies on Tuesday announced the completion of the spin-off of VMware from Dell Technologies. 

The spin-off from Dell Technologies provides VMware increased freedom to execute its multi-cloud strategy, a simplified capital structure and governance model, and additional operational and financial flexibility.

The terms of the spin-off included an $11.5 billion special cash dividend that resulted in a $27.40 per share dividend payment on November 1, 2021 to all VMware stockholders as of close of business on October 29, 2021. The ex-dividend date will be November 2, 2021, the first trading day following the Payment Date.

VMware and Dell will continue to partner to provide differentiated solutions for their customers. The previously announced commercial agreement between VMware and Dell preserves and enhances the go-to-market synergies jointly developed over the last several years with continued support and services for their mutual customers.