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Business · Corporate earnings · published 2026-09-27 · via 24/7 Wall St.

HP’s Dividend Is Backed by Printing Cash, Not PC Growth

Image via 24/7 Wall St.
Image via 24/7 Wall St.

HP pays $0.30 per share quarterly, or $1.20 annualized, for a 3.82% yield. Free cash flow comfortably covers the dividend, while the printing business’s higher margins help fund the payout as the PC segment faces weaker margins and shipment declines. Buybacks are the flexible part of capital returns, with the dividend taking priority.

Expanded Detail

EXPANDED:

HP’s $0.30 quarterly payout equals $1.20 annually and yields 3.82%. In the July quarter, free cash flow was $1.570 billion; dividends cost $274 million and buybacks $300 million. Fiscal 2025 dividends totaled $1.088 billion versus $2.9 billion free cash flow. Fiscal 2026 guidance is $3.0–$3.2 billion. Buybacks fell from $2.1 billion in fiscal 2024 to $850 million in fiscal 2025; the dividend ranks first.

Printing revenue slipped 2% to $3.912 billion; margin reached 18.1%. Personal Systems revenue rose 18% to $11.767 billion, but margin fell to 4.6% from 5.4% and shipments dropped 16%. Tariff refunds

Expanded detail and Context are AI-generated analysis; the linked article remains the authoritative source.
Read the full article at 24/7 Wall St. →
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