Important Dividends: This is why Hewlett Packard Enterprise Company (NYSE:HPE) will be paying investors dividends of $0.06 on Nov 2, 2016.

Important Dividends: This is why Hewlett Packard Enterprise Company (NYSE:HPE) will be paying investors dividends of $0.06 on Nov 2, 2016.

Hewlett Packard Enterprise Company (NYSE:HPE) is expected to pay $0.06 on Nov 2, 2016. The indicated annual dividend is $0.22. Shareholders owning the stock before Oct 7, 2016 will be eligible to receive the payout. Based on Hewlett Packard Enterprise Company’s current price of $22.80, the dividend is 0.24%. This dividend’s record date is Oct 12, 2016 and the announcement date is Jul 28, 2016. The stock increased 1.83% or $0.41 during the last trading session, hitting $22.8. Hewlett Packard Enterprise Co (NYSE:HPE) has risen 67.65% since March 3, 2016 and is uptrending. It has outperformed by 59.30% the S&P500.

Hewlett Packard Enterprise Company is a well-known provider of technology solutions. The company has a market cap of $37.54 billion. The Firm operates through five divisions: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. It has a 9.23 P/E ratio. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology .

Hewlett Packard Enterprise Co (NYSE:HPE) Ratings Coverage

Out of 21 analysts covering Hewlett Packard Enterprise (NYSE:HPE), 7 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 33% are positive. $22 is the highest target while $13 is the lowest. The $16.88 average target is -25.96% below today’s ($22.8) stock price. Hewlett Packard Enterprise has been the topic of 24 analyst reports since November 3, 2015 according to StockzIntelligence Inc. As per Wednesday, November 18, the company rating was initiated by Raymond James. The rating was upgraded by Credit Suisse on Monday, December 14 to “Outperform”. Citigroup initiated the shares of HPE in a report on Monday, November 9 with “Neutral” rating. The firm earned “Market Perform” rating on Tuesday, November 3 by Bernstein. Argus Research initiated the shares of HPE in a report on Thursday, December 3 with “Buy” rating. The company was initiated on Wednesday, November 4 by UBS. The company was initiated on Monday, November 9 by BMO Capital Markets. The firm has “Outperform” rating given on Friday, December 11 by BMO Capital Markets. The company was initiated on Monday, November 23 by Maxim Group. Morgan Stanley initiated the stock with “Equal-Weight” rating in Wednesday, November 11 report.

HPE Company Profile

Hewlett Packard Enterprise Company, incorporated on February 25, 2015, is a well-known provider of technology solutions. The Firm operates through five divisions: Enterprise Group, Software, Enterprise Services, Financial Services and Corporate Investments. The Enterprise Group segment provides its clients with the technology infrastructure they need to optimize traditional information technology (IT). The Software segment allows its clients to automate IT activities to simplify, accelerate and secure business processes and drives the analytics that turn raw data into actionable knowledge. The Enterprise Services segment brings all of its solutions together through its consulting and support professionals. The Financial Services segment enables flexible IT consumption models, financial architectures and customized investment solutions for its customers. The Corporate Investments segment includes Hewlett Packard Labs and certain business incubation projects, among others. The Company’s clients range from small and medium-sized businesses (SMBs) to large global enterprises.

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