PALO ALTO, Calif.--(BUSINESS WIRE)--Jan. 17, 2003--The board of directors of HP (NYSE:HPQ) today declared a regular cash dividend of 8 cents per share on the company's common stock. The dividend, the second in HP's fiscal year 2003, is payable on April 9, 2003, to shareholders of record as of March 19, 2003.

HP has approximately 3 billion shares of common stock outstanding.

About HP

HP is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. HP completed its merger transaction involving Compaq Computer Corporation on May 3, 2002. More information about HP is available at http://www.hp.com.

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