HP announces outlook for fiscal 2024 and hikes annual dividend
© Reuters. FILE PHOTO: A screen displays the logo for HP Inc. at the New York Stock Exchange in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid/File Photo) on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, sending its shares up more than 2% in trading after the bell.
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.Comment Guidelines
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