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

HP Inc. (NYSE:HPQ) announced a quarterly dividend on Monday, June 15th. Investors 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 is Wednesday, September 9th.

HP has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 15 years. HP has a dividend payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 1.3%

NYSE:HPQ opened at $24.29 on Wednesday. The business’s 50-day moving average price is $22.18 and its 200 day moving average price is $21.27. The firm has a market cap of $22.21 billion, a P/E ratio of 8.96, a PEG ratio of 4.15 and a beta of 1.17. HP has a 52-week low of $17.56 and a 52-week high of $29.65.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.HP’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Sell-side analysts expect that HP will post 2.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HPQ shares. Citigroup lifted their target price on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. TD Cowen lifted their price target on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Bank of America lifted their price target on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of HP in a research note on Monday, May 4th. Finally, Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $23.33.

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.