Hewlett-Packard declares 8-cent-per-share dividend
PALO ALTO – The board of directors of Hewlett-Packard (NYSE: HPQ) has declared a regular cash dividend and adopted new policies for senior executive severance agreements and shareholders rights plans.
The board declared a regular cash dividend of 8 cents per share on the company’s common stock. The dividend, the fourth in HP’s 2003 fiscal year, is payable on Oct. 8 to shareholders of record as of the close of business on Sept. 17. The company has approximately 3 billion shares of common stock outstanding.
The board also adopted a new severance policy where HP will seek shareholder approval for future severance agreements, if any, with senior executive officers that provide specified benefits in an amount exceeding 2.99 times the sum of the executive’s base salary plus bonus.
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PALO ALTO – The board of directors of Hewlett-Packard (NYSE: HPQ) has declared a regular cash dividend and adopted new policies for senior executive severance agreements and shareholders rights plans.
The board declared a regular cash dividend of 8 cents per share on the company’s common stock. The dividend, the fourth in HP’s 2003 fiscal year, is payable on Oct. 8 to shareholders of record as of the close of business on Sept. 17. The company has approximately 3 billion shares of common stock outstanding.
The board also adopted a new severance policy where HP will seek shareholder approval for future…
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