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

Gen Digital Inc. (NASDAQ:GEN) announced a quarterly dividend on Thursday, November 6th. Investors of record on Monday, November 17th will be given a dividend of 0.125 per share on Wednesday, December 10th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, November 17th.

Gen Digital has decreased its dividend payment by an average of 0.5%annually over the last three years. Gen Digital has a dividend payout ratio of 17.9% indicating that 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

Shares of NASDAQ:GEN traded up $0.16 on Friday, hitting $25.61. The company’s stock had a trading volume of 6,007,381 shares, compared to its average volume of 4,002,450. Gen Digital has a 1 year low of $22.74 and a 1 year high of $32.22. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market capitalization of $15.77 billion, a PE ratio of 26.28, a PEG ratio of 0.87 and a beta of 0.94. The company has a 50-day simple moving average of $27.91 and a 200 day simple moving average of $28.66.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the business earned $0.54 earnings per share. Gen Digital’s revenue for the quarter was up 25.3% compared to the same quarter last year. Gen Digital has set its FY 2026 guidance at 2.510-2.56 EPS. Q3 2026 guidance at 0.620-0.64 EPS. Sell-side analysts forecast that Gen Digital will post 2.05 EPS for the current fiscal year.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.