Hewlett Packard Enterprise (NYSE:HPE) Declares Quarterly Dividend of $0.13

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) announced a quarterly dividend on Thursday, March 6th, RTT News reports. Shareholders of record on Friday, March 21st will be given a dividend of 0.13 per share by the technology company on Friday, April 18th. This represents a $0.52 annualized dividend and a yield of 3.29%. The ex-dividend date is Friday, March 21st.

Hewlett Packard Enterprise has raised its dividend by an average of 2.7% annually over the last three years. Hewlett Packard Enterprise has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hewlett Packard Enterprise to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 25.7%.

Hewlett Packard Enterprise Trading Down 11.9 %

Shares of NYSE:HPE traded down $2.15 on Friday, reaching $15.82. 81,923,511 shares of the company traded hands, compared to its average volume of 14,855,802. The business's 50-day simple moving average is $21.47 and its 200 day simple moving average is $20.72. Hewlett Packard Enterprise has a 52 week low of $14.93 and a 52 week high of $24.66. The stock has a market capitalization of $20.77 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.20. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Wall Street Analysts Forecast Growth

HPE has been the topic of a number of recent research reports. Loop Capital raised their price objective on Hewlett Packard Enterprise from $18.00 to $24.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Morgan Stanley reduced their price objective on Hewlett Packard Enterprise from $28.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday. Raymond James raised Hewlett Packard Enterprise from an "outperform" rating to a "strong-buy" rating and raised their price objective for the company from $23.00 to $29.00 in a research note on Monday, November 18th. Bank of America reduced their price objective on Hewlett Packard Enterprise from $26.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday. Finally, StockNews.com cut Hewlett Packard Enterprise from a "buy" rating to a "hold" rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.21.

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Insiders Place Their Bets

In other news, EVP John F. Schultz sold 262,818 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the transaction, the executive vice president now directly owns 270,430 shares in the company, valued at approximately $5,846,696.60. This trade represents a 49.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeremy Cox sold 11,577 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.00, for a total transaction of $266,271.00. Following the transaction, the senior vice president now owns 48,615 shares of the company's stock, valued at $1,118,145. The trade was a 19.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 324,395 shares of company stock worth $7,121,896 over the last three months. Company insiders own 0.36% of the company's stock.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.