HP Inc. (NYSE:HPQ – Get Free Report) declared a quarterly dividend on Monday, June 15th. Stockholders of record on Wednesday, September 9th will be paid a dividend of 0.30 per share by the computer maker on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, September 9th.
HP has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. HP has a payout ratio of 32.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HP to earn $2.93 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 41.0%.
HP Stock Performance
Shares of HPQ stock opened at $24.29 on Wednesday. HP has a 52-week low of $17.56 and a 52-week high of $29.65. The firm has a market capitalization of $22.21 billion, a P/E ratio of 8.96, a P/E/G ratio of 4.15 and a beta of 1.17. The stock has a 50 day moving average price of $22.18 and a 200 day moving average price of $21.27.
About HP
HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.
Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.
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