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

HP Inc. (NYSE:HPQ) declared a quarterly dividend on Monday, June 15th. Stockholders 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 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% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NYSE:HPQ opened at $24.29 on Wednesday. The company’s fifty day moving average price is $22.18 and its 200-day moving average price is $21.27. The firm has a market capitalization of $22.21 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 4.15 and a beta of 1.17. HP has a one year low of $17.56 and a one year high of $29.65.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 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 net margin of 4.45% and a negative return on equity of 581.36%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, equities research analysts expect that HP will post 2.98 EPS for the current year.

Insider Transactions at HP

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $24.68, for a total value of $259,732.32. Following the sale, the insider owned 92,200 shares of the company’s stock, valued at $2,275,496. This trade represents a 10.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HP

Large investors have recently added to or reduced their stakes in the company. Caitlin John LLC bought a new stake in HP in the 3rd quarter worth $30,000. Garner Asset Management Corp bought a new stake in HP in the 4th quarter worth $25,000. Flagship Harbor Advisors LLC bought a new stake in HP in the 4th quarter worth $26,000. SHP Wealth Management bought a new stake in HP in the 4th quarter worth $26,000. Finally, Union Savings Bank bought a new stake in HP in the 4th quarter worth $28,000. Institutional investors own 77.53% of the company’s stock.

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.