Hp Inc Stock Price, News & Analysis

The HP Inc. board has announced a cash dividend of $0.1938 per share for its common stock, payable on April 7, 2021, to shareholders recorded by March 10, 2021. This marks the second dividend for fiscal year 2021, with HP having approximately 1.3 billion shares outstanding. Additionally, the board set a record date of February 16, 2021 for its annual stockholders meeting, scheduled for April 13, 2021. Shareholders are encouraged to review upcoming materials regarding the meeting and its agenda.

At CES 2021, HP Inc. announced innovative devices designed for hybrid work and personal creativity, amid a growing reliance on PCs due to the pandemic. The lineup includes the HP Elite Dragonfly G2, touted as the world's lightest business convertible, and the HP ENVY 14, a mobile creative studio. New features focus on enhanced collaboration, connectivity, and sustainability, using recycled materials. Key metrics indicate a shift in work habits, with remote work increasing by seven hours weekly, driving demand for HP's advanced PC solutions.

The HP Inc. board has declared a cash dividend of $0.1938 per share, marking a 10% increase from the prior dividend. This dividend will be the first of HP's fiscal year 2021 and is payable on January 6, 2021, to shareholders on record as of December 9, 2020. With approximately 1.3 billion shares outstanding, this announcement reflects HP's ongoing commitment to returning value to its investors.

HP (NYSE: HPQ) reported Fiscal 2020 GAAP diluted net EPS of $2.00, exceeding the forecast of $1.83 to $1.87. Non-GAAP diluted EPS was $2.28, above the expected $2.16 to $2.20. Total net revenue fell 3.6% to $56.6 billion, while fourth quarter net revenue reached $15.3 billion (down 1.0%). The company generated $4.3 billion in cash from operations and returned $4.1 billion to shareholders. A dividend increase of 10% was announced, reflecting commitment to shareholder value.

COBRA Golf has unveiled the KING Supersport-35 putter, a limited edition fully 3D printed product featuring SIK Face Technology. Developed in partnership with HP and Parmatech, this putter's design optimizes weight distribution, achieving a high Moment of Inertia (MOI). The putter utilizes Descending Loft Technology for accuracy and consistency on the greens. Set to launch on Nov. 20, 2020, at $399, it promises a new level of personalization in golf club manufacturing, with plans for more 3D printed products in 2021.

HP Inc. has secured a landmark agreement with Shutterfly, supplying over 60 new HP Indigo digital presses, marking the largest rollout in HP's history. This collaboration aims to enhance productivity in the growing ecommerce market for personalized products, which is projected to reach $3.117 billion by 2026. The investment includes next-generation HP Indigo presses to boost efficiency and quality in photo gifts and products. The installation will occur across four states, significantly advancing Shutterfly's operational capabilities.

HP Engage One Pro is a cutting-edge point-of-sale system launched by HP Inc., designed specifically for retail and hospitality sectors. This all-in-one solution boasts up to 10th generation Intel Core i9 processors, ensuring high performance with rapid transaction processing. Retailers increasingly prioritize differentiation through design and durability, as highlighted by a survey showing 86% value aesthetics. The Engage One Pro addresses these needs with customizable configurations, integrated security features, and a disinfectable chassis, catering to evolving customer expectations during the pandemic.

HP Inc. has launched HP+, a comprehensive printing solution that combines innovative hardware, Instant Ink, and the HP Smart App for a seamless experience. Introduced first at Staples, HP+ includes enhanced features such as the Forest First initiative, offering sustainable printing options. The Instant Ink subscription has been expanded to include toner plans starting at $1.99/month. Customers can enjoy a six-month free trial of Instant Ink and an additional year of warranty. The products are available for purchase online and in stores across the U.S.

HP Inc. (NYSE: HPQ) will host a live audio webcast on November 24, 2020, at 4:30 p.m. ET to discuss its fourth fiscal quarter results ending October 31, 2020. Investors can access the webcast at hp.com/investor/2020Q4Webcast, with a replay available for one year post-event. HP Inc. focuses on enhancing technology for users through personal systems, printers, and 3D printing solutions.