Reuters: Technology News: HP board increases dividend by 10 percent

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HP board increases dividend by 10 percent Mar 21st 2013, 15:28 Tweet Share this Email Print Related News HP's Lane, several others narrowly keep board seats Wed, Mar 20 2013 NYC pension funds join effort to replace two HP directors Fri, Mar 8 2013 Leading proxy firms seek ouster of HP chairman, directors Tue, Mar 5 2013 Qualcomm raises dividend, increases share repurchase Tue, Mar 5 2013 Union pension adviser says will oppose two HP directors Mon, Feb 25 2013 Analysis & Opinion Amid 'activist' debate, Strine sides with hedge fund dogging SandRidge Warren Buffett’s no-dividend policy on thin ice A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto, California January 16, 2013. Credit: Reuters/Stephen Lam Thu Mar 21, 2013 11:28am EDT (Reuters) - Hewlett-Packard Co raised its quarterly dividend by 10 percent on Thursday, amid shareholder displeasure over the company's $11 billion acquisition of British software firm Autonomy Plc. HP has said it intended to increase its regular dividend annually and that the increase would to be in the double digits. The current increase to 14.52 cents per share is expected to be effective as of May 2013, the company said. HP has about 2 billion shares of common stock outstanding. HP's previously announced dividend, payable on April 3, remains at 13.2 cents per share. Before that it had paid a quarterly dividend of 12 cents per share, up from 8 cents a share. HP's dividends, which it has been paying since 1992 according to its website, have been steadily increasing. On Wednesday, HP's shareholders re-elected the company's board, but Chairman Ray Lane and three others only narrowly kept their seats after criticism about their roles in the purchase of Autonomy. (Reporting By Nicola Leske; Editing by Gerald E. McCormick and Chizu Nomiyama) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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