01—Abstract
Summary
Summary of the 8-K filed January 14, 2025. Cited figures are marked; the original filing is the authoritative source.
Hewlett Packard Enterprise Company (HPE) announced on January 14, 2025, through an 8-K filing, that its Board of Directors has approved a quarterly dividend for its 7.625%a Series C Mandatory Convertible Preferred Stock.
The dividend amount is set at $0.953125b per share and is scheduled to be paid on March 1, 2025, to shareholders of record as of February 15, 2025. This announcement primarily concerns the distribution of dividends to preferred stockholders.
Investors holding this specific series of preferred stock should note the record and payment dates for this upcoming distribution. It is important to remember that the declaration and payment of dividends remain at the discretion of the Board and are contingent upon the availability of legally permissible funds for distribution.
02—Key points
Key Highlights
- HPE's Board of Directors approved a dividend for its 7.625% Series C Mandatory Convertible Preferred Stock.
- The dividend amount is $0.953125 per share.
- The dividend payment date is scheduled for March 1, 2025.
- Shareholders of record as of the close of business on February 15, 2025, will receive the dividend.
- The declaration and payment of dividends are at the sole discretion of the Board of Directors.
- Dividend payments are subject to the availability of legally available sources.
03—Questions
Frequently Asked Questions
Which class of stock is receiving this dividend?
This dividend is specifically for the holders of HPE's 7.625% Series C Mandatory Convertible Preferred Stock.
When will the dividend be paid?
The dividend is scheduled to be paid on March 1, 2025. If this date is not a business day, payment will be made on the next succeeding business day.
Who is eligible to receive this dividend?
Shareholders who are on record as holding the 7.625% Series C Mandatory Convertible Preferred Stock at the close of business on February 15, 2025, are eligible to receive the dividend.
Is the dividend payment guaranteed?
The declaration and payment of dividends are at the sole discretion of HPE's Board of Directors and are subject to the availability of legally permissible funds. Therefore, while approved, it is not an absolute guarantee until paid.
04—Continue