Hewlett-Packard

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Hewlett-Packard ( HPQ)

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 Dell ( DELL), Toshiba, Lenovo ( LNVGY), Asustek, Samsung and Apple ( AAPL) all enjoyed greater market share in the period. Sony ( SNE) and Fujitsu ( FJTSY) lost ground along with HP and Acer, the data showed.

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