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

General Electric (NYSE:GEGet Free Report) declared a quarterly dividend on Thursday, June 20th, RTT News reports. Stockholders of record on Thursday, July 11th will be paid a dividend of 0.28 per share by the conglomerate on Thursday, July 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, July 11th.

General Electric has a dividend payout ratio of 22.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect General Electric to earn $4.94 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 22.7%.

General Electric Stock Performance

Shares of NYSE:GE opened at $163.53 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The business’s fifty day moving average price is $162.57 and its two-hundred day moving average price is $153.18. General Electric has a fifty-two week low of $84.42 and a fifty-two week high of $170.80. The stock has a market capitalization of $179.00 billion, a price-to-earnings ratio of 53.62, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21.

General Electric (NYSE:GEGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.17. The company had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.27 earnings per share. As a group, analysts predict that General Electric will post 4.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on GE. Barclays lowered their price objective on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Citigroup lifted their target price on General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Argus upped their target price on shares of General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. UBS Group lifted their price target 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.93.

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Insider Activity

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the completion of the transaction, the senior vice president now owns 112,958 shares in the company, valued at approximately $18,391,821.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.66% of the company’s stock.

About General Electric

(Get Free Report)

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.

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Dividend History for General Electric (NYSE:GE)

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