Hewlett Packard Enterprise Co Announces Quarterly Dividend of $0.08 (HPE)

Hewlett Packard Enterprise Co (NYSE:HPE) announced a quarterly dividend on Thursday, January 18th, RTT News reports. Stockholders of record on Wednesday, March 14th will be given a dividend of 0.075 per share by the technology company on Wednesday, April 4th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.87%.

Hewlett Packard Enterprise (HPE) traded up $0.26 during midday trading on Thursday, hitting $16.07. 9,450,300 shares of the stock were exchanged, compared to its average volume of 10,865,027. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. The firm has a market cap of $25,440.00 and a PE ratio of 64.28. Hewlett Packard Enterprise has a one year low of $12.81 and a one year high of $24.88.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Tuesday, November 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.78 billion. Hewlett Packard Enterprise had a net margin of 0.93% and a return on equity of 7.70%. Hewlett Packard Enterprise’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. equities analysts anticipate that Hewlett Packard Enterprise will post 1.19 EPS for the current fiscal year.

In other Hewlett Packard Enterprise news, EVP Alan Richard May sold 50,158 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $15.50, for a total value of $777,449.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jeff T. Ricci sold 87,324 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $13.43, for a total transaction of $1,172,761.32. Following the completion of the transaction, the senior vice president now directly owns 24,846 shares in the company, valued at $333,681.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 793,488 shares of company stock worth $11,281,745. Insiders own 0.87% of the company’s stock.

HPE has been the subject of a number of research reports. Royal Bank of Canada restated a “hold” rating and set a $15.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, October 11th. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. KeyCorp restated a “hold” rating on shares of Hewlett Packard Enterprise in a research note on Friday, October 20th. Citigroup cut shares of Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and raised their target price for the stock from $14.80 to $16.00 in a research note on Friday, October 13th. Finally, Wells Fargo & Co initiated coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, November 14th. They set a “market perform” rating and a $15.00 target price for the company. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.04.

Hewlett Packard Enterprise announced that its board has initiated a share repurchase program on Wednesday, October 18th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Dividend History for Hewlett Packard Enterprise (NYSE:HPE)

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