15 April 2021, 9:08 pm EDT By Dell Shareholders Could Get $9.3 to $9.7 Billion Tax-Free due to 81% Stake in VMware ( Screenshot From Pexels Official Website ) When Dell initially announced yesterday that the company will be spinning out VMware, it technically did not come as a surprise to many due to the widespread public speculation that has already been going on for quite some time. Dell Shareholder Dividends Dell, however, could have actually gone a number of different ways into this deal despite the company's choice to spin MWare out as another separate company with a significant dividend instead of a whole outright sale. The whole dividend route also includes a massive payment to shareholders between both $11.5 billion and $12 billion.