HPE Payout Ratio: current value, 10-year range and year-by-year history
Cash & Leverage
Payout Ratio History
HPE Payout Ratio by year
Yearly range of HPE’s payout ratio from 2016 to 2026. Over the full period it ranged from 13.0% to 6,839.1%, averaging 300.8%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 13.3% | 22.1% | 33.5% | 13.3% |
| 2025 | 44.5% | 281.3% | 642.5% | 109.8% |
| 2024 | 22.4% | 26.8% | 35.2% | 35.2% |
| 2023 | 39.5% | 63.9% | 115.2% | 39.5% |
| 2022 | 28.7% | 37.6% | 42.3% | 42.3% |
| 2021 | 19.0% | 42.6% | 66.2% | 19.0% |
| 2020 | 71.5% | 193.6% | 370.6% | 138.7% |
| 2019 | 52.2% | 125.9% | 309.8% | 52.2% |
| 2018 | 6,839.1% | 6,839.1% | 6,839.1% | 6,839.1% |
| 2017 | 114.8% | 114.8% | 114.8% | 114.8% |
| 2016 | 13.0% | 13.0% | 13.0% | 13.0% |
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What fraction of free cash flow is paid out as dividends. More reliable than the earnings-based payout ratio because cash is harder to manipulate through accounting choices. Low ratio = room to grow the dividend and absorb an earnings dip. High ratio = dividend is consuming most of the cash generated.
TTM Dividends Per Share / (TTM FCF ÷ Shares) × 100%A steadily rising FCF payout ratio warrants scrutiny only if FCF itself is flat or falling — that means the company is paying out a larger slice of shrinking cash. A high but stable ratio in a capital-light business (e.g. consumer staples) can be perfectly sustainable.
- FCF can be lumpy: large one-off capex or working-capital swings distort a single year. Look at the multi-year trend rather than any single data point.
- Utilities and REITs naturally sustain 60–90% FCF payout ratios; industrials and tech companies typically run 20–50%. Always compare to sector context.
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.