Hewlett Packard Enterprise (HPE) To Go Ex-Dividend on March 21st

Hewlett Packard Enterprise (NYSE:HPE) 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 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, March 21st.

Hewlett Packard Enterprise has increased its dividend payment by an average of 2.7% annually over the last three years. Hewlett Packard Enterprise has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of NYSE HPE opened at $15.95 on Wednesday. Hewlett Packard Enterprise has a 12-month low of $14.64 and a 12-month high of $24.66. The firm has a market capitalization of $20.95 billion, a price-to-earnings ratio of 8.39, 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. The firm has a 50 day moving average of $20.57 and a 200 day moving average of $20.55.

Analyst Ratings Changes

Several equities research analysts have recently commented on HPE shares. Loop Capital reduced their price objective on Hewlett Packard Enterprise from $24.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, March 10th. Barclays reduced their price target on Hewlett Packard Enterprise from $27.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Citigroup raised Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $26.00 in a research report on Friday, December 6th. Stifel Nicolaus increased their target price on shares of Hewlett Packard Enterprise from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Daiwa Capital Markets downgraded shares of Hewlett Packard Enterprise from an “outperform” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.27.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 11,577 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 48,615 shares in the company, valued at $1,118,145. This trade represents a 19.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by company insiders.

About Hewlett Packard Enterprise

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.