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Hewlett-Packard Enterprise (NYSE:HPE – Get Free Report) announced a quarterly dividend on Tuesday, June 4, RTT News reports. Shareholders of record on Wednesday, June 19 will receive a dividend of $0.13 per share from the technology company on Thursday, July 18. This represents an annualized dividend of $0.52 and a dividend yield of 2.67%. The ex-dividend date is Tuesday, June 18.

Hewlett Packard Enterprise has increased its dividend by an average of 0.7% annually over the past three years, and every year for the past 1 year. Hewlett Packard Enterprise has a dividend payout ratio of 25.4%, meaning its dividend is adequately covered by earnings. Analysts expect Hewlett Packard Enterprise to generate $1.70 per share next year, meaning the company should continue to be able to cover its annual dividend of $0.52 with an expected future payout ratio of 30.6%.

Hewlett Packard Enterprise shares rise 10.7%

Hewlett Packard Enterprise shares opened at $19.49 on Thursday. The company has a market cap of $25.33 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 3.26 and a beta of 1.18. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.89 and a quick ratio of 0.63. Hewlett Packard Enterprise has a 52-week low of $14.47 and a 52-week high of $20.43. The stock has a 50-day moving average of $17.59 and a 200-day moving average of $16.75.

Hewlett Packard Enterprise (NYSE: HPE – Get Free Report) last announced its quarterly earnings results on Tuesday, June 4. The technology company reported earnings per share (EPS) of $0.42 for the quarter, beating the consensus estimate of $0.39 by $0.03. Hewlett Packard Enterprise had a return on equity of 8.55% and a net margin of 6.38%. The company had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the company generated earnings per share of $0.32. The company’s revenue grew 3.3% year-over-year. On average, equities analysts expect Hewlett Packard Enterprise to report earnings per share of $1.4 for the current fiscal year.

Upgrades and downgrades by analysts

Several research firms have recently commented on HPE. UBS Group raised its price target on Hewlett Packard Enterprise from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday. Susquehanna raised its price target on Hewlett Packard Enterprise from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America raised its price target on Hewlett Packard Enterprise from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday. Stifel Nicolaus raised its price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Evercore ISI raised its price target on Hewlett Packard Enterprise from $18.00 to $22.00 and gave the stock an “in line” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and four have given it a buy rating. Based on data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Hold” and an average price target of $20.25.

Read our latest report on HPE

Insider activity

In other news, SVP Jeremy Cox sold 18,323 shares of the company’s stock in a transaction that took place on Wednesday, April 24. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the sale, the senior vice president now directly owns 15,541 shares of the company’s stock, valued at $263,575.36. The transaction was disclosed in a document filed with the SEC, which is accessible from the SEC website. 0.40% of the shares are currently owned by company insiders.

Hewlett Packard Enterprise company profile

(Get free report)

Hewlett Packard Enterprise provides solutions that enable customers in the Americas, Europe, Middle East, Africa, Asia Pacific, and Japan to seamlessly capture, analyze, and process data. The company operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

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Dividend history for Hewlett Packard Enterprise (NYSE:HPE)



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