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Dividend Channel’s DividendRank formula rates a coverage universe of thousands of dividend stocks based on a proprietary formula designed to find firms with two critical characteristics: excellent fundamentals and an attractive value. Hewlett Packard Enterprise currently has an exceptional rank, ranking in the top 25% of the coverage universe, indicating that it is one of the most “interesting” ideas that investors should investigate more. 10 Dividend Stocks That Are Oversold >>
However, the fact that shares of Hewlett Packard Enterprise reached oversold territory in trading on Tuesday, changing hands as low as $13.70 per share, makes it an even more fascinating and timely company to consider. The Relative Strength Index, or RSI, is a technical analysis indicator that measures momentum on a scale of zero to 100 and is used to determine oversold territory. If the RSI value falls below 30, the stock is considered oversold.
The RSI reading for Hewlett Packard Enterprise is 29.3, whereas the universe of dividend companies tracked by Dividend Channel currently has an average RSI of 50.0. If everything else is equal, a declining stock price provides a better opportunity for dividend investors to earn a larger return. Indeed, based on the latest $14.47 share price, HPE’s recent annualized dividend of 0.48/share (now paid in quarterly installments) works out to a 3.32 percent annual yield.
HPE’s 29.3 RSI reading today might be interpreted by an optimistic investor as a sign that the current strong selling is coming to an end, and they should start looking for purchase entry points. The dividend history of HPE is one of the basic datapoints dividend investors should look into before deciding if they are bullish on the stock. Dividends aren’t always predictable, but the history chart below might help you determine whether the most recent dividend is likely to be continued.

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