HP Inc.: With Dividend Increase And PC Strength, Some Green Shoots Are Emerging (Rating Upgrade)
HPQHP(HPQ) Seeking Alpha·2024-01-18 14:52

Justin Sullivan As a stock that relies heavily on its dividend to appease investors, it's no big surprise that HP Inc. (NYSE:HPQ) has been an extreme laggard over the past year. The printer and PC maker's stock is about flat in the trailing twelve months versus double-digit gains in the S&P 500 and even healthier gains for the tech sector as a whole. But underneath this, some glimmer of hope exists. As the interest-rate outlook declines for 2024, HP Inc. will theoretically have less "competition" from a yie ...