Dell Technologies said it expects compounded annual revenue growth of 3-4% over the long term and boosted its share buyback plan by $5 billion.
Dell also said it would raise its quarterly dividend by 10% or more every year up to fiscal 2028, as it plans to return more than 80% of adjusted free cash flow to shareholders through a combination of share buybacks and dividends.
The company increased its adjusted earnings per share target of 8% annual growth or better over the long term.
In its most recent quarterly report in August, Dell raised its full-year revenue and profit forecast on signs of a stabilising demand outlook for computers and servers.
A global slowdown in the PC market hurt Dell, which has reported a year-on-year drop in revenue in each of the last four quarters.
It also reduced its workforce by about 5% in February.
However, its shares have climbed 67% so far this year, after dropping nearly 30% in 2022.
