General Electric (GE) to Issue Quarterly Dividend of $0.28 on October 25th

General Electric (NYSE:GE) announced a quarterly dividend on Friday, September 13th, NASDAQ reports. Shareholders of record on Thursday, September 26th will be paid a dividend of 0.28 per share by the conglomerate on Friday, October 25th. This represents a $1.12 annualized dividend and a yield of 0.59%. The ex-dividend date is Thursday, September 26th.

General Electric has a dividend payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect General Electric to earn $5.12 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 21.9%.

General Electric Price Performance

Shares of General Electric stock opened at $188.71 on Tuesday. The stock has a market cap of $206.56 billion, a price-to-earnings ratio of 61.87, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14. The stock has a 50 day moving average price of $169.27 and a 200-day moving average price of $170.43. General Electric has a one year low of $84.42 and a one year high of $189.78.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, topping the consensus estimate of $0.99 by $0.21. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The company had revenue of $9.09 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. General Electric’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts expect that General Electric will post 4.2 EPS for the current year.

Analyst Ratings Changes

GE has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. Jefferies Financial Group increased their price target on General Electric from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Sanford C. Bernstein initiated coverage on General Electric in a report on Tuesday, September 10th. They set an “outperform” rating and a $201.00 price objective for the company. Royal Bank of Canada upped their price objective on General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $191.36.

About General Electric

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.