General Electric Declares Quarterly Dividend of $0.01 (NYSE:GE)

General Electric (NYSE:GE) declared a quarterly dividend on Friday, June 19th, RTT News reports. Investors of record on Monday, June 29th will be given a dividend of 0.01 per share by the conglomerate on Monday, July 27th. This represents a $0.04 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, June 26th.

General Electric has decreased its dividend payment by an average of 91.8% annually over the last three years. General Electric has a payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect General Electric to earn $0.36 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 11.1%.

Shares of NYSE GE opened at $6.53 on Thursday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.69 and a current ratio of 1.91. General Electric has a 52-week low of $5.48 and a 52-week high of $13.26. The firm has a 50 day moving average price of $6.78 and a 200 day moving average price of $9.17. The stock has a market cap of $57.12 billion, a P/E ratio of -19.79, a P/E/G ratio of 37.71 and a beta of 0.93.

General Electric (NYSE:GE) last released its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). General Electric had a negative net margin of 2.39% and a positive return on equity of 13.66%. The firm had revenue of $20.52 billion during the quarter, compared to analyst estimates of $20.34 billion. During the same period in the prior year, the business earned $0.12 EPS. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. Analysts predict that General Electric will post 0.04 earnings per share for the current fiscal year.

A number of research firms recently issued reports on GE. Imperial Capital lifted their target price on General Electric from $5.00 to $8.00 in a research report on Monday, March 2nd. Citigroup lowered their price target on General Electric from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Credit Suisse Group decreased their target price on shares of General Electric from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Oppenheimer reissued a “hold” rating on shares of General Electric in a research report on Friday, May 8th. Finally, UBS Group restated a “buy” rating and set a $7.50 price objective on shares of General Electric in a research note on Friday, May 29th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $9.17.

General Electric Company Profile

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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Dividend History for General Electric (NYSE:GE)

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