Elbit Systems Ltd. (NASDAQ:ESLT) Plans Quarterly Dividend of $0.50

Elbit Systems Ltd. (NASDAQ:ESLT) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Investors of record on Monday, December 23rd will be paid a dividend of 0.50 per share by the aerospace company on Monday, January 6th. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Monday, December 23rd. This is a boost from Elbit Systems’s previous quarterly dividend of $0.42.

Elbit Systems has increased its dividend by an average of 6.2% annually over the last three years. Elbit Systems has a dividend payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Elbit Systems to earn $8.50 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 23.5%.

Elbit Systems Stock Performance

NASDAQ ESLT opened at $248.67 on Thursday. The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. Elbit Systems has a fifty-two week low of $175.30 and a fifty-two week high of $252.50. The business has a fifty day moving average of $214.04 and a 200-day moving average of $198.95. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 42.51 and a beta of 0.51.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.

About Elbit Systems

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.