GE Aerospace (NYSE:GE) to Issue Quarterly Dividend of $0.36

GE Aerospace (NYSE:GE) announced a quarterly dividend on Thursday, December 4th. Investors of record on Monday, December 29th will be paid a dividend of 0.36 per share on Monday, January 26th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th.

GE Aerospace has increased its dividend by an average of 1.6%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. GE Aerospace has a dividend payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect GE Aerospace to earn $6.46 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 22.3%.

GE Aerospace Stock Performance

NYSE:GE opened at $291.49 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The company has a fifty day moving average of $300.74 and a two-hundred day moving average of $275.69. The stock has a market capitalization of $307.47 billion, a PE ratio of 38.92, a P/E/G ratio of 2.24 and a beta of 1.40. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $316.67.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.