Hewlett Packard Enterprise Company (NYSE:HPE) declared a quarterly dividend on Thursday, November 9th, RTT News reports. Shareholders of record on Wednesday, December 13th will be given a dividend of 0.075 per share by the technology company on Wednesday, January 3rd. This represents a $0.30 annualized dividend and a yield of 2.19%. This is a boost from Hewlett Packard Enterprise’s previous quarterly dividend of $0.07.

Hewlett Packard Enterprise has a payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hewlett Packard Enterprise to earn $1.18 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 22.0%.

Hewlett Packard Enterprise (NYSE HPE) traded up $0.17 during trading on Thursday, reaching $13.71. 5,881,769 shares of the company’s stock traded hands, compared to its average volume of 10,380,000. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 0.50. Hewlett Packard Enterprise has a 52-week low of $12.97 and a 52-week high of $19.16. The company has a market cap of $22,130.00 and a price-to-earnings ratio of 8.38.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Tuesday, September 5th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Hewlett Packard Enterprise had a net margin of 0.29% and a return on equity of 9.04%. The firm had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.49 billion. During the same quarter last year, the business earned $0.49 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. equities research analysts expect that Hewlett Packard Enterprise will post 1.38 EPS for the current fiscal year.

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Hewlett Packard Enterprise announced that its board has authorized a stock repurchase plan on Wednesday, October 18th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Several analysts have recently weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $17.50 price objective (down previously from $22.00) on shares of Hewlett Packard Enterprise in a research note on Wednesday, September 6th. Mizuho reiterated a “hold” rating and issued a $14.00 price objective on shares of Hewlett Packard Enterprise in a research note on Friday, October 20th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $15.00 price objective (down previously from $20.00) on shares of Hewlett Packard Enterprise in a research note on Friday, September 1st. ValuEngine upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $18.00 price objective on shares of Hewlett Packard Enterprise in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.79.

In other news, EVP Henry Gomez sold 55,200 shares of Hewlett Packard Enterprise stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $13.53, for a total transaction of $746,856.00. Following the sale, the executive vice president now directly owns 45,004 shares in the company, valued at approximately $608,904.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeff T. Ricci sold 87,324 shares of Hewlett Packard Enterprise stock in a transaction on Monday, November 6th. The stock was sold at an average price of $13.43, for a total value of $1,172,761.32. Following the sale, the senior vice president now owns 24,846 shares in the company, valued at $333,681.78. The disclosure for this sale can be found here. Insiders have sold a total of 3,309,941 shares of company stock worth $48,162,528 over the last ninety days. Insiders own 0.87% of the company’s stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. The Enterprise Group segment provides its customers with the technology infrastructure they need to optimize traditional information technology (IT).

Dividend History for Hewlett Packard Enterprise (NYSE:HPE)

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