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Hewlett-Packard Boosts Dividend 10% (HPQ)

Before the opening bell on Thursday, Hewlett-Packard Company (HPQ ) announced that it has boosted its quarterly dividend by 10%.

Hewlett-Packard has raised its quarterly dividend from 16 cents to 17.6 cents, or 70.4 cents annually. The company said that this increase will be effective when its May dividend is declared. HPQ will pay a 16 cent dividend on April 1.

The technology company has been consecutively raising its dividend since 2011.

The Bottom Line

Shares of HPQ were mostly flat during premarket trading Thursday. The stock is down 17.69% YTD.

HPQ Dividend Snapshot

As of market close on March 18, 2015

HPQ dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of HPQ dividends.

Hewlett-Packard (HPQ ) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.