EMC Corporation -- Moody's says EMC's A1 debt rating unaffected by dividend increase

New York, April 23, 2014 -- Moody's Investors Service said EMC Corporation (EMC)'s A1 senior unsecured credit rating and stable outlook are unaffected by today's announcement that EMC's board authorized a 15% increase in its common dividend. This is the first increase in the dividend that was initiated in May 2013. The first increased dividend will be paid for the last six months of fiscal 2014. Based on the shares outstanding at the end of the first quarter, the increase represents an additional $30 million of quarterly dividend payments, which will approximate $875 million in fiscal 2014.

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