In Pictures: Top tech hoarders - 15 companies with...
At the close of the quarter ended April 30, HP had $13.2 billion in cash. It also had nearly $20 billion in long-term debt. The value of HP’s cash has been on an upward trend following a sharp decline to $8 billion in the quarter ended Oct. 31, 2011. HP’s quarterly dividend held steady at $0.08 per share for more than a decade until mid-2011, when HP increased it to $0.12. This year it climbed to $0.01452 per share. In fiscal year 2011, HP spent roughly $10 billion on buybacks, but since then has shifted away from spending cash on stock repurchases.
In Pictures: Top tech hoarders - 15 companies with huge cash piles