HP Inc. (HPQ) raised its quarterly dividend by 28.2% to $0.25 per share. Shares of the American multinational information technology company have gained 52% over the past year. The dividend is payable on January 5, 2022, to shareholders on record as of December 8. HPQ’s annual dividend of $1 per share now reflects a dividend yield of 3.2%. Analysts Recommendation Recently, Loop Capital analyst Ananda Baruah increased the firm's price target on HP Inc. to $50 (60.2% upside potential) from $40, and reiterated a Buy rating. Baruah favors the stocks based on his expectations that the company will generate strong revenue growth in 2022, and attractive kickers of increased dividend payout buybacks.
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HP (NYSE:HPQ)
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HP (NYSE:HPQ)
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