Hp Plans to Return 50% Of Its Free Cash Flow To Its Shareholders

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Hp Plans to Return 50% Of Its Free Cash Flow To Its Shareholders

 user admin 2014-10-21 at 11:06:13 am Views: 130
  • #41308

    Hp Plans to Return 50% Of Its Free Cash Flow To Its Shareholders

    Boston, MA 10/16/2014 (wallstreetpr) – Hewlett-Packard Company (NYSE:HPQ) indicated that it was committed to its fiscal capital allocation strategy of the current year, as well as, next year. As part of it, the company plans to return a minimum of 50% of its free cash flow to its shareholders. It would be done by way of dividends or share buyback program.

    Resumes Share Buyback

    Hewlett-Packard Company (NYSE:HPQ) disclosed that it would resume its share buyback program under the existing authorization plan, its statement revealed. It had suspended the share repurchase program due to non-public information possession of material. Since it lo longer possesses such information, it has resumed the share buyback activities.

    Hewlett-Packard said that it wanted to make up the shortfall in the remainder of the current fiscal year, as well as, the next fiscal year. Its 50% return of free cash flow to shareholders meant by way of dividends and share buyback program.

    The company’s VP and CFP, Cathie Lesjak, expressed the confidence on Hewlett-Packard Company (NYSE:HPQ)’s strategy and its capacity to execute. Aside from this, the CFO said that its share price does not indicate the company’s intrinsic value.