Hewlett Packard Enterprise Co (HPE) to Issue $0.11 Quarterly Dividend

Hewlett Packard Enterprise Co (NYSE:HPE) declared a quarterly dividend on Thursday, September 20th, RTT News reports. Shareholders of record on Wednesday, December 12th will be paid a dividend of 0.1125 per share by the technology company on Wednesday, January 2nd. This represents a $0.45 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Tuesday, December 11th.

Hewlett Packard Enterprise has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hewlett Packard Enterprise to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 26.3%.

Shares of HPE opened at $15.05 on Thursday. Hewlett Packard Enterprise has a one year low of $13.99 and a one year high of $19.48. The stock has a market capitalization of $22.15 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.86 and a beta of 1.58. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 0.42.



Hewlett Packard Enterprise (NYSE:HPE) last announced its earnings results on Tuesday, December 4th. The technology company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. Hewlett Packard Enterprise had a net margin of 6.18% and a return on equity of 10.16%. The company had revenue of $7.95 billion during the quarter, compared to analysts’ expectations of $7.84 billion. During the same period last year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts anticipate that Hewlett Packard Enterprise will post 1.58 earnings per share for the current fiscal year.

In related news, insider Antonio F. Neri sold 82,893 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $17.00, for a total transaction of $1,409,181.00. Following the completion of the sale, the insider now directly owns 87,828 shares in the company, valued at $1,493,076. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Timothy C. Stonesifer sold 479,142 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $16.57, for a total transaction of $7,939,382.94. Following the sale, the chief financial officer now owns 637,868 shares of the company’s stock, valued at $10,569,472.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 664,319 shares of company stock valued at $10,978,971. 1.18% of the stock is currently owned by corporate insiders.

Several research analysts have commented on HPE shares. UBS Group started coverage on shares of Hewlett Packard Enterprise in a report on Wednesday, September 26th. They issued a “hold” rating and a $17.00 target price for the company. Deutsche Bank raised their target price on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. Raymond James decreased their price target on shares of Hewlett Packard Enterprise from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. Oppenheimer set a $18.00 price target on shares of Hewlett Packard Enterprise and gave the stock a “buy” rating in a report on Thursday, October 25th. Finally, Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have issued 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 $18.43.

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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, as well as mission-critical servers to address the full array of its customers' computing needs; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and legacy external disk products.

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Dividend History for Hewlett Packard Enterprise (NYSE:HPE)

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