web hit counter

HP announces outlook for fiscal 2024 and hikes annual dividend


HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, sending its shares up more than 2 per cent 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 per cent 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 per cent increase from the prior dividend, the company said.

The company expects its 2024 adjusted earnings in the range of $3.25 to $3.65 per share.

Article was originally published from here

Comments are closed.