Hewlett Packard Enterprise Company (NYSE:HPE – Get Free Report) announced a quarterly dividend on Wednesday, September 2nd. Investors of record on Thursday, September 17th will be given a dividend of 0.1425 per share by the technology company on Friday, October 16th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 17th.
Hewlett Packard Enterprise has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 years. Hewlett Packard Enterprise has a payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hewlett Packard Enterprise to earn $3.63 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 15.7%.
Hewlett Packard Enterprise Trading Up 1.9%
Shares of NYSE HPE opened at $51.85 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. Hewlett Packard Enterprise has a fifty-two week low of $19.84 and a fifty-two week high of $64.25. The firm has a market capitalization of $68.66 billion, a P/E ratio of 48.46, a P/E/G ratio of 0.54 and a beta of 1.43. The company’s 50 day simple moving average is $49.63 and its 200 day simple moving average is $37.46.
Hewlett Packard Enterprise Company Profile
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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