HP Raises Annual Dividend by 5%, Provides FY24 Outlook & More - HP (NYSE:HPQ)
HP Inc (NYSE: HPQ) provided an FY24 outlook, updated on its cost saving initiatives, and raised its annual dividend.
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HP Inc (NYSE: HPQ) provided an FY24 outlook, updated on its cost saving initiatives, and raised its annual dividend.
The PC maker also forecast fiscal 2024 free cash flow of $3.1 billion to $3.6 billion
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Today at HP’s 2023 Securities Analyst Meeting (“SAM”), the company provided details on its strategy and opportunities for long-term growth....
Companies such as HP, Lenovo and Dell Technologies have seen demand ease from peaks hit during the pandemic, when work-from-home trends drove up sales of laptops and other electronic devices. The PC maker also forecast fiscal 2024 free cash flow of $3.1 billion to $3.6 billion and expects to return about 100% of it to shareholders through dividends and share repurchases. The board has approved an increase to the planned dividend amount to $1.10 per share, reflecting a 5% increase from the prior dividend, the company said.