Hewlett Packard Enterprise Boosts Quarterly Dividend to $0.13 Per Share

Hewlett Packard Enterprise (NYSE:HPE) has announced an increase in its quarterly dividend, bringing it up to $0.13 per share. On November 28th, the company made this announcement, which was reported by RTT News. The new dividend rate will be given to shareholders who are on record as of Wednesday, December 13th and will be paid on Thursday, January 11th. The increase in dividend results in an annual rate of $0.52, and at the current stock price, it equates to a yield of roughly 3.35%. This move marks a step up from the former dividend of $0.12 per share.

Dividend Growth and Financial Ratios

Over the past three years, Hewlett Packard Enterprise has consistently improved its dividend, with an average yearly growth of 1.6%. The payout ratio stands at 23.8%, signifying that the dividend is well-supported by the company's earnings. With projected earnings of $1.55 per share for the upcoming year, the future payout ratio is expected to be around 31.0%, maintaining the company's ability to sustain its dividend disbursements.

Company’s Stock Performance

On the day of the announcement, HPE's stock saw a slight decline of $0.06, closing at $15.54. However, the trading volume was notably high with over 14 million shares changing hands, surpassing the average volume of nearly 12 million. The stock price has ranged from a low of $13.65 to a high of $18.14 over the past year. Hewlett Packard Enterprise currently possesses a market capitalization of approximately $19.94 billion. Financial metrics reveal a price-to-earnings ratio of 19.02, a P/E/G ratio of 2.98, and a beta of 1.25. The moving averages for the past fifty and two hundred days are $16.27 and $16.48, respectively. Additionally, the company's current ratio is 0.88, with a quick ratio of 0.65 and a debt-to-equity ratio of 0.43.

Earnings and Analyst Perspectives

The company's quarterly earnings results, released on August 29th, showed a per-share earnings (EPS) of $0.49, topping estimates by $0.02. Revenue for the quarter was $7 billion, aligning closely with analyst expectations. On a year-over-year basis, the revenue saw an incremental rise of 0.7%. Analyst estimations suggest that Hewlett Packard Enterprise will achieve an EPS of $1.42 for the current fiscal year. Analysts' ratings for HPE stock have varied, with some recommending a sell, while others see it as a buy, leading to an overall consensus of 'Hold'.

Insider Transactions and Investor Movements

Inside the company, significant transactions included sales of shares by high-level executives such as EVP Alan Richard May and CEO Antonio F. Neri, both incidentally on September 7th. Financial disclosures related to these sales have been filed with the SEC. Institutional investors have also been active, with several notable investment firms adjusting their holdings in Hewlett Packard Enterprise.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise operates across various global regions offering solutions in computing, high performance computing & artificial intelligence, storage, and intelligent edge, among other services. The company also provides financial services and has corporate investments in an array of businesses.

Hewlett, Packard, Dividend