Hewlett Packard Enterprise Company (NYSE:HPE) to Issue $0.13 Quarterly Dividend

Key Points

• Hewlett Packard Enterprise declared a quarterly dividend of $0.13 per share, payable on October 17th to shareholders of record by September 18th, representing a yield of 2.3%.
• The company reported earnings of $0.35 per share, falling short of analysts' expectations, and has a payout ratio of 25.2%, indicating its dividend is well covered by earnings.
• Insiders at Hewlett Packard Enterprise sold a notable number of shares recently, with the CEO selling 83,334 shares valued at over $1.9 million, indicating potential shifts in ownership stakes.

Hewlett Packard Enterprise Company (NYSE:HPE - Get Free Report) announced a quarterly dividend on Wednesday, September 3rd, RTT News reports. Stockholders of record on Thursday, September 18th will be given a dividend of 0.13 per share by the technology company on Friday, October 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 18th.

Hewlett Packard Enterprise has a dividend payout ratio of 25.2% meaning 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 Price Performance

Shares of Hewlett Packard Enterprise stock traded up $0.37 during trading hours on Friday, reaching $23.53. 24,229,009 shares of the company's stock were exchanged, compared to its average volume of 20,148,998. Hewlett Packard Enterprise has a 1 year low of $11.97 and a 1 year high of $24.66. The company has a market capitalization of $31.05 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. The business has a fifty day moving average of $21.26 and a two-hundred day moving average of $18.36. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69.

Insider Activity at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $24.04, for a total transaction of $2,003,349.36. Following the completion of the transaction, the chief executive officer owned 1,752,392 shares of the company's stock, valued at $42,127,503.68. This trade represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $20.54, for a total transaction of $616,200.00. Following the transaction, the executive vice president directly owned 42,427 shares of the company's stock, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 461,924 shares of company stock valued at $10,110,183. 0.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Putney Financial Group LLC purchased a new position in Hewlett Packard Enterprise during the fourth quarter worth about $25,000. Alpine Bank Wealth Management purchased a new position in Hewlett Packard Enterprise during the first quarter worth about $25,000. Bruce G. Allen Investments LLC boosted its stake in Hewlett Packard Enterprise by 345.0% during the first quarter. Bruce G. Allen Investments LLC now owns 1,700 shares of the technology company's stock worth $26,000 after buying an additional 1,318 shares during the period. Headlands Technologies LLC purchased a new position in Hewlett Packard Enterprise during the second quarter worth about $26,000. Finally, Zions Bancorporation National Association UT purchased a new position in Hewlett Packard Enterprise during the first quarter worth about $27,000. Hedge funds and other institutional investors own 80.78% 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.