GE Aerospace to Issue Quarterly Dividend of $0.36 (NYSE:GE)

GE Aerospace (NYSE:GE) announced a quarterly dividend on Thursday, December 4th. Shareholders of record on Monday, December 29th will be paid a dividend of 0.36 per share on Monday, January 26th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 29th.

GE Aerospace has raised its dividend payment by an average of 1.6%per year over the last three years and has raised its dividend every year for the last 2 years. GE Aerospace has a dividend payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect GE Aerospace to earn $6.46 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 22.3%.

GE Aerospace Stock Up 1.0%

GE Aerospace stock opened at $291.49 on Friday. The business’s 50-day simple moving average is $300.74 and its two-hundred day simple moving average is $275.69. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The company has a market cap of $307.47 billion, a PE ratio of 38.92, a PEG ratio of 2.24 and a beta of 1.40. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $316.67.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.