HP Boosts Dividend 10%

Hewlett-Packard (NYSE: HPQ  ) is increasing the company's quarterly dividend payment by 10%, to $0.1452 per share.

An effective date hadn't been set as of this writing, but the company said in a press release today that HP's board is expected to declare its next dividend in May. This marks HP's third consecutive year of dividend increases.

The previously announced dividend of $0.132 will be payable April 3.

Peers IBM and Oracle pay dividends yielding 1.60% and 0.70%, respectively, at current prices. By contrast, HP yields 2.56%, assuming $0.58 paid per share, per year.

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