PALO ALTO, Calif., Nov. 12, 2015 - The HP Inc. (NYSE: HPQ) board of directors has declared a regular cash dividend of $0.124 per share on the company's common stock, which is the company's first regular dividend since the separation of Hewlett Packard Enterprise Company.

The dividend, the first in the company's fiscal year 2016, is payable on January 6, 2016, to stockholders of record as of the close of business on December 9, 2015.

HP Inc. has approximately 1.8 billion shares of common stock outstanding.