Hewlett Packard Enterprise Co (NYSE:HPE) Increases Dividend to $0.12 Per Share

Hewlett Packard Enterprise Co (NYSE:HPE) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Wednesday, December 11th will be paid a dividend of 0.12 per share by the technology company on Thursday, January 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a positive change from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11.

Hewlett Packard Enterprise stock opened at $15.91 on Friday. Hewlett Packard Enterprise has a 12-month low of $12.09 and a 12-month high of $17.59. The stock has a market cap of $20.80 billion, a P/E ratio of 8.99, a PEG ratio of 1.28 and a beta of 1.56. The company has a 50-day moving average price of $16.48 and a 200 day moving average price of $14.85. The company has a current ratio of 0.79, a quick ratio of 0.67 and a debt-to-equity ratio of 0.55.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Monday, November 25th. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $7.22 billion for the quarter, compared to the consensus estimate of $7.41 billion. Hewlett Packard Enterprise had a net margin of 3.60% and a return on equity of 13.55%. Hewlett Packard Enterprise’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. As a group, analysts forecast that Hewlett Packard Enterprise will post 1.87 EPS for the current year.

In other Hewlett Packard Enterprise news, insider Philip Davis sold 16,436 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $14.43, for a total transaction of $237,171.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John F. Schultz sold 432,998 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $16.04, for a total transaction of $6,945,287.92. The disclosure for this sale can be found here. Insiders sold 519,526 shares of company stock valued at $8,284,389 over the last ninety days. Insiders own 0.56% of the company’s stock.

HPE has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Maxim Group upped their price objective on Hewlett Packard Enterprise from $15.00 to $18.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. ValuEngine upgraded Hewlett Packard Enterprise from a “strong sell” rating to a “sell” rating in a research report on Monday, November 4th. Evercore ISI reiterated a “hold” rating and issued a $16.00 price objective on shares of Hewlett Packard Enterprise in a research report on Sunday, November 24th. Finally, Oppenheimer reduced their price objective on shares of Hewlett Packard Enterprise from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.47.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Dividend History for Hewlett Packard Enterprise (NYSE:HPE)

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