HP Inc. to Issue Quarterly Dividend of $0.30 (NYSE:HPQ)

HP Inc. (NYSE:HPQ) declared a quarterly dividend on Tuesday, May 19th. Investors of record on Wednesday, June 10th will be given a dividend of 0.30 per share by the computer maker on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Wednesday, June 10th.

HP has raised its dividend payment by an average of 0.1%per year over the last three years and has increased 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 $2.90 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 41.4%.

HP Stock Performance

NYSE:HPQ opened at $20.97 on Wednesday. HP has a one year low of $17.56 and a one year high of $29.55. The business’s 50-day simple moving average is $19.68 and its 200 day simple moving average is $21.23. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 5.81 and a beta of 1.09.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The business had revenue of $14.44 billion for the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, equities research analysts predict that HP will post 2.84 EPS for the current year.

HP Company Profile

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.