HP Inc (NYSE:HPQ) board of directors has declared a regular cash dividend of $0.124 per share on the company’s common stock, which is the company’s first regular dividend since the separation of Hewlett Packard Enterprise Company.
The dividend, the first in the company’s fiscal year 2016, is payable on January 6, 2016, to stockholders of record as of the close of business on December 9, 2015.
HP Inc. has approximately 1.8 billion shares of common stock outstanding. (Original Source)
Shares of HP Inc closed yesterday at $13.92. HPQ has a 1-year high of $19.94 and a 1-year low of $5.35. The stock’s 50-day moving average is $24.52 and its 200-day moving average is $28.92.
On the ratings front, HP has been the subject of a number of recent research reports. In a report issued on November 9, Bernstein Research analyst Toni Sacconaghi assigned a Buy rating on HPQ, with a price target of $17, which represents a potential upside of 22.1% from where the stock is currently trading. Separately, on November 6, Deutsche Bank’s Sherri Scribner maintained a Hold rating on the stock and has a price target of $17.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Toni Sacconaghi and Sherri Scribner have a total average return of 19% and 0% respectively. Sacconaghi has a success rate of 65.3% and is ranked #82 out of 3840 analysts, while Scribner has a success rate of 52.2% and is ranked #2614.
Overall, 13 research analysts have assigned a Hold rating and 10 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $23.05 which is 65.6% above where the stock closed yesterday.
HP Incis a provider of products, technologies, software, solutions & services to individual consumers, small- and medium-sized businesses and large enterprises, including customers in the government, health and education sectors.