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 paid a dividend of 0.30 per share by the computer maker on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, June 10th.

HP has increased its dividend by an average of 0.1%per year over the last three years and has increased 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 $2.90 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 Trading Up 0.2%

Shares of HP stock opened at $20.97 on Wednesday. The firm has a market capitalization of $19.18 billion, a PE ratio of 7.94, a P/E/G ratio of 5.81 and a beta of 1.09. HP has a twelve month low of $17.56 and a twelve month high of $29.55. The firm’s 50-day moving average price is $19.68 and its 200 day moving average price is $21.23.

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

Institutional Investors Weigh In On HP

Several institutional investors have recently modified their holdings of HPQ. Auxano Advisors LLC lifted its position in HP by 4.4% in the third quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock valued at $252,000 after acquiring an additional 391 shares during the last quarter. IHT Wealth Management LLC lifted its position in HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after acquiring an additional 398 shares during the last quarter. Vident Advisory LLC lifted its position in HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after acquiring an additional 444 shares during the last quarter. Personal CFO Solutions LLC lifted its position in HP by 2.2% in the third quarter. Personal CFO Solutions LLC now owns 21,492 shares of the computer maker’s stock valued at $585,000 after acquiring an additional 459 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in HP by 0.9% in the third quarter. CIBC Private Wealth Group LLC now owns 50,952 shares of the computer maker’s stock valued at $1,387,000 after acquiring an additional 470 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

About HP

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.