Hewlett Packard Enterprise Co (HPE) To Go Ex-Dividend on December 11th

Hewlett Packard Enterprise Co (NYSE:HPE) announced a quarterly dividend on Thursday, September 20th, RTT News reports. Investors 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 yield of 2.99%. The ex-dividend date of this dividend is Tuesday, December 11th.

Hewlett Packard Enterprise has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 NYSE:HPE opened at $15.05 on Thursday. The stock has a market capitalization of $22.15 billion, a P/E ratio of 9.65, a PEG ratio of 0.86 and a beta of 1.58. Hewlett Packard Enterprise has a fifty-two week low of $13.99 and a fifty-two week high of $19.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 1.00.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $7.95 billion for the quarter, compared to the consensus estimate of $7.84 billion. Hewlett Packard Enterprise had a net margin of 6.18% and a return on equity of 10.16%. Hewlett Packard Enterprise’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.31 EPS. On average, research analysts expect that Hewlett Packard Enterprise will post 1.58 earnings per share for the current fiscal year.

In other Hewlett Packard Enterprise news, insider Antonio F. Neri sold 82,893 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 87,828 shares of the company’s stock, valued at approximately $1,493,076. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Keerti Melkote sold 102,284 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $15.94, for a total transaction of $1,630,406.96. Following the transaction, the insider now directly owns 102,284 shares in the company, valued at approximately $1,630,406.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 664,319 shares of company stock worth $10,978,971. 1.18% of the stock is owned by corporate insiders.

Several brokerages recently weighed in on HPE. Zacks Investment Research upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Thursday, August 30th. Raymond James cut their price objective on shares of Hewlett Packard Enterprise from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 29th. BMO Capital Markets cut their price objective on shares of Hewlett Packard Enterprise from $19.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 29th. Maxim Group reissued a “hold” rating and set a $18.00 target price on shares of Hewlett Packard Enterprise in a research note on Wednesday, August 29th. Finally, Deutsche Bank raised their target price on shares of Hewlett Packard Enterprise from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Two 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 currently has a consensus rating of “Hold” and an average target price of $18.43.

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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, 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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