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Technology Stocks : VMware, Inc. (VMW)
VMW 141.25+0.3%12:28 PM EDT

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From: Glenn Petersen12/28/2018 12:01:38 PM
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VMware to pay previously announced one-time special dividend on Dec. 28

By Ciara Linnane
MarketWatch
Published: Dec 28, 2018 7:49 a.m. ET

Enterprise software company VMware Inc. VMW, +1.61% said Friday it will pay its previously announced one-time special dividend on December 28. The company will make the $11 billion payment to shareholders of record as of close of business on Dec. 27. It expects that 60.39% of the dividend will be treated as a taxable dividend for U.S. federal tax purposes, with the remainder being treated first as a return on capital and then as a capital gain. Shares were slightly higher premarket and have gained 23% in 2018, while the S&P 500 SPX, +0.27% has fallen 6.9%.

marketwatch.com
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