HP Inc.: A High-Yielding Dividend Stock With Good Recovery Potential

HPQ offers an attractive risk/reward profile with a low valuation, solid free cash flow, and a high, sustainable dividend yield of ~4.6%. Tariffs and China exposure remain key near-term risks, but management is diversifying supply chains, while rate cuts could boost demand and lower debt costs. HPQ's thin competitive moat and industry-wide margin pressures are offset by strong cash flow, buybacks, and potential upside from 3D printing innovation, despite the low margins.