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HP ( (HPQ) ) has provided an update.
HP Inc. announced an increase in its quarterly cash dividend by 5%, starting fiscal year 2025, reflecting confidence in its financial health. For fiscal 2024, HP reported a net revenue of $53.6 billion, slightly down from the previous year, but exceeded expectations with a GAAP diluted EPS of $2.81. In Q4, HP’s revenue grew by 1.7% to $14.1 billion, with the company returning $3.2 billion to shareholders through dividends and share repurchases. The company is optimistic about fiscal 2025, aiming for growth in revenue, earnings, and free cash flow.
Find detailed analytics on HPQ stock on TipRanks’ Stock Analysis page.
