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

Hewlett Packard Enterprise Co (NYSE:HPE) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors 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 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Tuesday, December 10th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.11.

Shares of NYSE:HPE opened at $15.91 on Friday. Hewlett Packard Enterprise has a 1 year low of $12.09 and a 1 year high of $17.59. The company has a market capitalization of $20.80 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.28 and a beta of 1.56. The business has a fifty day moving average price of $16.48 and a two-hundred day moving average price of $14.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.79 and a quick ratio of 0.67.

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

Several brokerages have commented on HPE. Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, October 16th. Citigroup increased their target price on shares of Hewlett Packard Enterprise from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Barclays increased their target price on shares of Hewlett Packard Enterprise from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Daiwa Capital Markets set a $14.00 price target on shares of Hewlett Packard Enterprise and gave the stock a “hold” rating in a research note on Thursday, August 29th. Finally, Credit Suisse Group reaffirmed a “sell” rating and issued a $13.00 price target on shares of Hewlett Packard Enterprise in a report on Thursday, November 28th. Four investment 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. The company has an average rating of “Hold” and a consensus target price of $16.47.

In other Hewlett Packard Enterprise news, SVP Jeff T. Ricci sold 20,457 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $17.01, for a total transaction of $347,973.57. Following the sale, the senior vice president now owns 20,457 shares in the company, valued at $347,973.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Philip Davis sold 16,436 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $14.43, for a total value of $237,171.48. The disclosure for this sale can be found here. Insiders sold 519,526 shares of company stock valued at $8,284,389 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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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