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Company Profile: Palo Alto, Calif.-based Hewlett-Packard is a global provider of products, technologies, software, solutions & services to individual consumers, small- and medium-sized businesses and large enterprises, including customers in the government, health and education sectors.
Hewlett-Packard will pay shareholders a 50% larger cash dividend, or 12 cents per share.
The increased dividend will be effective when the board of directors declares the next dividend, likely in May. That will bring Hewlett-Packard's yield to around 1.2%. Hewlett-Packard's previously announced dividend, payable on April 6 to stockholders of record on March 16, will not be increased and will remain at 8 cents per share.
Future dividend increases were not yet determined but the company said it "currently intends for the year-over-year percentage increase to be in the double digits."
On April 19 Hewlett-Packard announced that it appointed a new chief marketing officer, Martin "Marty" Homlish.
On April 28 Hewlett-Packard announced that HP Enterprise Services was chosen for a single-award firm-fixed-price, indefinite delivery/indefinite quantity contract worth up to $2.5 billion over a four-year base period with two three-year option periods by the National Aeronautics and Space Administration (NASA). The modernization is expected to deliver significant productivity gains and cost savings to NASA.
Hewlett-Packard saw its global market share of notebook computers fall 18.5% in the first quarter of 2011, according to IDC data released April 29. Notebook shipments in the first quarter fell by 3.3 million quarter-over-quarter, combining results of HP and
Acer, the top two vendors in the category.
Meanwhile, competitors including
Apple(AAPL) all enjoyed greater market share in the period.
Fujitsu(FJTSY) lost ground along with HP and Acer, the data showed.