[Techtaffy Newsdesk]
HP board of directors has authorized a 10 percent increase in the amount of its regular quarterly dividend, to $0.132 per share. The increase in the amount of the dividend will be effective when the HP board of directors declares HP’s next dividend, which is expected to occur in May.
The company’s previously announced dividend payable on April 4, 2012, for stockholders of record on March 14, 2012, will not be increased and will remain at $0.12 per share.
HP has approximately 2 billion shares of common stock outstanding.