HP CEO Meg Whitman, at the company’s annual meeting of its shareholders last week, made the pitch to investors that the company hasn’t lost its wave in the market. Whitman outlined HP’s various businesses and assessed, from a bird’s eye view, the strengths and weaknesses of each and their priority within the company — foreshadowing acute changes in coming months.
Over the same course of time, the company had raised its quarterly dividend by 10 percent. HP has said it intended to increase its regular dividend annually, and that the increase would to be in the double digits. It has about 1.98 billion shares of common stock outstanding. The current increase in the dividend will be effective as of May 2012. HP’s previously announced dividend, payable on April 4, remains at 12 cents per share.