GE Aerospace (NYSE:GE – Get Free Report) declared a quarterly dividend on Friday, February 6th. Shareholders of record on Monday, March 9th will be given a dividend of 0.47 per share on Monday, April 27th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, March 9th. This is a 30.6% increase from GE Aerospace’s previous quarterly dividend of $0.36.
GE Aerospace has increased its dividend by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 2 years. GE Aerospace has a dividend payout ratio of 29.0% meaning 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 $1.88 annual dividend with an expected future payout ratio of 29.1%.
GE Aerospace Price Performance
GE Aerospace stock opened at $322.69 on Friday. The firm has a market cap of $338.44 billion, a PE ratio of 39.64, a price-to-earnings-growth ratio of 3.02 and a beta of 1.36. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.74. The stock’s fifty day moving average price is $319.65 and its two-hundred day moving average price is $303.62. GE Aerospace has a one year low of $159.36 and a one year high of $348.48.
About GE Aerospace
GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.
Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.
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