Hewlett-Packard Company (NYSE: HPQ) shares are rallying in today’s trading session, moving on recent word the computer maker has authorized a 50% increase in its regular quarterly dividend to $0.12 per share and it plans to increase its dividend by double-digit percentage every year. The increased dividend will be effective with its declaration of the next dividend in May. The company will not increase dividends and will remain at $0.08 per share for its previously announced dividend payable on April 6 to shareholders of record on March 16. The amount of future dividend increases will be determined annually, but the company currently plans for the year-over-year percentage increase to be in the double digits.
The company said it plans to leverage its position as a leading provider of cloud technology to develop a portfolio of cloud services from infrastructure to platform services. The company plans to develop and run the industry’s first open cloud marketplace to combine a secure, scalable and trusted consumer app store and an enterprise application and services catalog.
The company also exceeded or met the energy-reduction goals nine months ahead of schedule. The company also revealed energy savings research and analysis showing that if all makes and models of printers, notebook and desktop PCs, displays and servers shipped in 2005 were recycled and replaced with new HP energy-efficient models, customers could save approximately $10.4 billion in energy costs, and avoid more than 40 million metric tons of CO2 emissions within a year.
The company earned the No. 1 position in worldwide server revenue and shipments for calendar year 2010, according to a new report from IDC. The company captured approximately 39% of the x86 market revenue for 2010, growing 34% as compared to 2009. Its ProLiant servers held the No. 1 position in the x86 server market for 59 consecutive quarters, or as long as IDC has been measuring x86 server market share. As per IDC, HP was the only major server vendor to gain revenue share in the EPIC/RISC Blade server market, gaining 20.8 percentage points year over year in the fourth quarter of 2010 (to a total of 62.3% market share in 4CQ10).
Hewlett-Packard Company stock is currently trading at $41.15. The stock is up 0.51% from its previous close. The company stock touched the high of $41.22 and the lowest price in today�s session is $40.70.
The company stock has traded in the range of $37.32 and $54.75 during the past 52 weeks. The company�s market cap is $89.05 billion.
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