Gen Digital Inc. (NASDAQ:GEN) Plans Quarterly Dividend of $0.13

Gen Digital Inc. (NASDAQ:GEN) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.125 per share on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, November 17th.

Gen Digital has decreased its dividend by an average of 0.5%per year over the last three years. Gen Digital has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Gen Digital to earn $2.24 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 22.3%.

Gen Digital Trading Down 0.2%

Shares of GEN traded down $0.06 during mid-day trading on Friday, reaching $25.39. The company had a trading volume of 5,014,286 shares, compared to its average volume of 3,997,263. Gen Digital has a fifty-two week low of $22.74 and a fifty-two week high of $32.22. The firm has a fifty day simple moving average of $27.91 and a 200-day simple moving average of $28.66. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.63.

Gen Digital (NASDAQ:GEN) last posted its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Gen Digital had a return on equity of 57.99% and a net margin of 14.12%.The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. On average, sell-side analysts anticipate that Gen Digital will post 2.05 EPS for the current fiscal year.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.