HP Just Raised Its Dividend and Profit Outlook. PCs Haven’t Peaked Yet.

Shares of HP Inc. jumped successful precocious trading Wednesday aft the institution sharply accrued its dividend and laid retired a bullish outlook for its upcoming fiscal year.

As portion of a virtual expert time with investors—the company’s archetypal since 2019—CFO Marie Myers said HP (ticker: HPQ) is hiking its yearly dividend to $1 a share, boosting the output to astir 3.3%. That’s up from a payout of 78 cents.

The...