HP Inc. to Issue Quarterly Dividend of $0.19 (NYSE:HPQ)


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HP Inc. (NYSE:HPQ) declared a quarterly dividend on Wednesday, January 13th, RTT News reports. Stockholders of record on Wednesday, March 10th will be paid a dividend of 0.1938 per share by the computer maker on Wednesday, April 7th. This represents a $0.78 annualized dividend and a dividend yield of 3.02%.

HP has raised its dividend payment by 34.4% over the last three years and has raised its dividend every year for the last 1 years.

Shares of HPQ stock traded down $0.20 on Wednesday, hitting $25.71. The stock had a trading volume of 6,596,531 shares, compared to its average volume of 7,994,642. The firm has a market capitalization of $33.16 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 1.61 and a beta of 1.07. The stock’s 50 day moving average is $23.82 and its 200-day moving average is $19.87. HP has a 52-week low of $12.54 and a 52-week high of $26.15.

HP (NYSE:HPQ) last announced its earnings results on Monday, November 23rd. The computer maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.10. HP had a net margin of 5.02% and a negative return on equity of 196.27%. During the same period in the prior year, the firm earned $0.60 earnings per share. Sell-side analysts expect that HP will post 2.65 earnings per share for the current year.

In other HP news, insider Christoph Schell sold 48,755 shares of the firm’s stock in a transaction dated Wednesday, December 9th. The shares were sold at an average price of $23.16, for a total transaction of $1,129,165.80. Following the transaction, the insider now owns 207,583 shares of the company’s stock, valued at approximately $4,807,622.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tracy S. Keogh sold 256,167 shares of the firm’s stock in a transaction dated Wednesday, December 16th. The shares were sold at an average price of $24.07, for a total transaction of $6,165,939.69. Following the transaction, the insider now directly owns 602,014 shares in the company, valued at approximately $14,490,476.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 444,347 shares of company stock worth $10,445,257. Corporate insiders own 0.28% of the company’s stock.

HPQ has been the subject of several analyst reports. ValuEngine downgraded shares of HP from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 8th. Zacks Investment Research upgraded shares of HP from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, December 1st. JPMorgan Chase & Co. increased their price objective on shares of HP from $21.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, November 25th. Smith Barney Citigroup increased their price objective on shares of HP from $18.50 to $23.50 in a research note on Wednesday, November 25th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on shares of HP from $18.50 to $23.50 in a research note on Wednesday, November 25th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. HP has an average rating of “Hold” and a consensus price target of $21.08.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

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Dividend History for HP (NYSE:HPQ)

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