Hewlett Packard Enterprise Company (NYSE:HPE – Get Free Report) declared a quarterly dividend on Monday, June 1st. Stockholders of record on Tuesday, June 16th will be given a dividend of 0.1425 per share by the technology company on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 16th.
Hewlett Packard Enterprise has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Hewlett Packard Enterprise has a dividend payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hewlett Packard Enterprise to earn $3.56 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 16.0%.
Hewlett Packard Enterprise Stock Performance
Hewlett Packard Enterprise stock opened at $48.20 on Friday. The stock has a market cap of $63.82 billion, a P/E ratio of 45.04, a price-to-earnings-growth ratio of 0.52 and a beta of 1.42. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average of $34.03 and a 200-day moving average of $26.58. Hewlett Packard Enterprise has a 52 week low of $17.49 and a 52 week high of $64.25.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.
A major focus for HPE is hybrid cloud and consumption-based IT.
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