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

Gen Digital Inc. (NASDAQ:GEN) announced a quarterly dividend on Thursday, February 5th. Investors of record on Monday, February 16th will be paid a dividend of 0.125 per share on Wednesday, March 11th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, February 13th.

Gen Digital has decreased its dividend payment by an average of 0.5%annually 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 Price Performance

Gen Digital stock opened at $22.43 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 3.43. The company has a 50-day moving average price of $26.30 and a 200 day moving average price of $27.72. Gen Digital has a 12-month low of $22.14 and a 12-month high of $32.22. The stock has a market cap of $13.83 billion, a P/E ratio of 24.38, a PEG ratio of 0.76 and a beta of 1.09.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a net margin of 12.74% and a return on equity of 57.09%. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 EPS. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. Sell-side analysts anticipate that Gen Digital will post 2.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank Of Canada lowered their price objective on Gen Digital from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Zacks Research lowered Gen Digital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Barclays set a $32.00 price objective on Gen Digital in a research report on Friday. Wall Street Zen cut shares of Gen Digital from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gen Digital in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.29.

Gen Digital Company Profile

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.