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HP Board Declares Regular Dividend of 8 Cents

Press release from the issuing company

PALO ALTO, Calif., May 18, 2001 The board of directors of Hewlett-Packard Company (NYSE:HWP) today declared a regular cash dividend of 8 cents per share on the company's common stock. The dividend, the third in HP's fiscal year 2001, is payable on July 11, 2001, to shareholders of record as of June 20, 2001. As of Oct. 31, 2000, the end of the company's fiscal year, HP had approximately 2 billion shares of common stock outstanding.

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