Hewlett-Packard (HPQ) said Thursday it will lift its regular dividend by 10.2% to 16 cents a share.

The move will be effective in next time the board meets, which the PC-maker said will likely come in May. The dividend payable on April 2 will remain at the lower price of 14.52 cents a share.

Shares of the blue-chip tech company ticked up slightly in pre-market action.