Gen Digital Inc. (GEN) To Go Ex-Dividend on February 13th

Gen Digital Inc. (NASDAQ:GEN) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Monday, February 16th will be paid a dividend of 0.125 per share on Wednesday, March 11th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, February 13th.

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

Shares of NASDAQ GEN opened at $24.25 on Friday. The firm has a fifty day moving average price of $26.25 and a 200-day moving average price of $27.67. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market cap of $14.96 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 0.75 and a beta of 1.09. Gen Digital has a 1 year low of $22.14 and a 1 year high of $32.22.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Gen Digital had a net margin of 12.76% and a return on equity of 56.57%. Gen Digital’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.56 EPS. Gen Digital has set its Q4 2026 guidance at 0.640-0.660 EPS and its FY 2026 guidance at 2.540-2.560 EPS. Equities analysts anticipate that Gen Digital will post 2.05 earnings per share for the current fiscal year.

Insider Activity at Gen Digital

In other Gen Digital news, Director Ondrej Vlcek sold 113,674 shares of Gen Digital stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $27.12, for a total transaction of $3,082,838.88. Following the completion of the transaction, the director directly owned 3,932,980 shares of the company’s stock, valued at $106,662,417.60. The trade was a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Chrystal bought 5,000 shares of Gen Digital stock in a transaction dated Thursday, November 13th. The stock was purchased at an average cost of $27.14 per share, for a total transaction of $135,700.00. Following the purchase, the director owned 28,419 shares of the company’s stock, valued at approximately $771,291.66. This trade represents a 21.35% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 9.30% of the company’s stock.

Institutional Trading of Gen Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of Gen Digital in the fourth quarter worth about $27,000. Spire Wealth Management boosted its position in Gen Digital by 1,183.3% in the 3rd quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $31,000 after buying an additional 994 shares during the period. Cullen Frost Bankers Inc. bought a new position in Gen Digital in the 2nd quarter worth about $32,000. True Wealth Design LLC increased its position in shares of Gen Digital by 92.0% during the third quarter. True Wealth Design LLC now owns 1,104 shares of the company’s stock worth $31,000 after acquiring an additional 529 shares during the period. Finally, Clearstead Advisors LLC increased its position in shares of Gen Digital by 48.6% during the third quarter. Clearstead Advisors LLC now owns 1,223 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 81.38% of the company’s stock.

About Gen Digital

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.