Hewlett-Packard Company Announces 10.2% Dividend Raise (HPQ)

Before markets opened on Thursday, Hewlett-Packard (HPQ) announced a 10.2% increase to its quarterly dividend, boosting the payout from 14.5 cents to 16 cents.

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Hewlett-Packard’s new annualized payout is 64 cents, up from 58 cents. The increase to the dividend will not become effective until around May, when HPQ’s board is expected to declare the company’s next dividend. This will make the fourth year in a row that HPQ declares a dividend raise in May.

HPQ’s next dividend, which is payable on April 2, will still be 14.5 cents, and the dividend boost will not go into effect until the following dividend.

HPQ stock was up $1.09, or 3.57%, in pre-market trading. YTD, the company’s stock is up 14.32%.