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Hewlett Packard Enterprise Announces Dividend

- By Julie Young

Hewlett Packard Enterprise Co. (HPE) has announced a quarterly dividend of 6.5 cents with an ex-dividend date of June 12. The stock is currently trading at $18.09 with a forward dividend yield of 1.45%.

In 2017, the stock is down -21.87%. It has a one-year return of 3.91% and has gained 6.35% since its separation with Hewlett Packard Inc. (HP). On Feb. 23, the company released its most recent first quarter earnings report for the technology enterprise-focused business. Revenue for the first quarter was $11.4 billion, missing estimates by $670 million and decreasing -10.4% from the comparable quarter. Earnings per share for the first quarter were 45 cents, beating estimates by one cent and increasing 10% from the comparable quarter.