HP Inc hikes dividend by 5%

On November 22, 2022, HP Inc. (HPQ) announced that it will raise its quarterly dividend by 5% to $0.2625 per share. This follows a dividend hike of 29% last year by the computer hardware maker.

The dividend, the first in HP’s fiscal year 2023, is payable on January 4, 2023, to stockholders of record as of the close of business on December 14, 2022. The dividend yield for HPQ is approximately 3.5% at a stock price of $29.38.

HP Inc. is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The company sells to individual consumers, small- and medium-sized businesses (“SMBs”) and large enterprises, including customers in the government, health and education sectors. The original HP was incorporated in 1947 under the laws of the state of California as the successor to a partnership founded in 1939 by William R. Hewlett and David Packard. The company went public on November 6, 1957.