VMware Inc. undefined set Oct. 29 as the record date for the company's $11.5 billion special dividend that will be payable to shareholders in conjunction...
VMware Inc. VMW, +0.74% set Oct. 29 as the record date for the company's $11.5 billion special dividend that will be payable to shareholders in conjunction with the company's planned spinoff from Dell Technologies Inc.
The payment date for the special dividend will be Nov. 1, according to the company's release. As of now, VMware estimates that 39.49% of the special dividend will be treated as taxable, while the remaining 60.51% will be"first treated as a return on capital to stockholders to the extent of their basis in VMware common stock, and thereafter as capital gain.
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