Elbit Systems Ltd. (ESLT) to Issue Quarterly Dividend of $1.00 on April 27th

Elbit Systems Ltd. (NASDAQ:ESLT) declared a quarterly dividend on Monday, March 16th. Investors of record on Monday, April 13th will be paid a dividend of 1.00 per share by the aerospace company on Monday, April 27th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, April 13th. This is a 33.3% increase from Elbit Systems’s previous quarterly dividend of $0.75.

Elbit Systems has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Elbit Systems has a dividend payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Elbit Systems to earn $8.85 per share next year, which means the company should continue to be able to cover its $2.25 annual dividend with an expected future payout ratio of 25.4%.

Elbit Systems Price Performance

NASDAQ:ESLT traded down $57.09 during trading hours on Wednesday, hitting $957.25. The company’s stock had a trading volume of 59,817 shares, compared to its average volume of 172,585. Elbit Systems has a twelve month low of $354.68 and a twelve month high of $1,016.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.32 and a quick ratio of 0.76. The stock has a fifty day simple moving average of $751.34 and a 200-day simple moving average of $591.49. The company has a market capitalization of $42.55 billion, a P/E ratio of 97.81, a PEG ratio of 2.66 and a beta of 0.22.

Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.33. Elbit Systems had a net margin of 5.91% and a return on equity of 15.04%. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.09 billion. On average, analysts anticipate that Elbit Systems will post 8.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Elbit Systems

Large investors have recently modified their holdings of the company. USA Financial Formulas purchased a new position in Elbit Systems during the 3rd quarter worth $26,000. CoreCap Advisors LLC purchased a new stake in shares of Elbit Systems in the fourth quarter valued at about $26,000. Traub Capital Management LLC bought a new position in shares of Elbit Systems during the second quarter valued at about $31,000. Financial Consulate Inc. bought a new position in shares of Elbit Systems during the third quarter valued at about $60,000. Finally, Wexford Capital LP purchased a new position in Elbit Systems during the third quarter worth about $63,000. 17.88% of the stock is currently owned by institutional investors.

About Elbit Systems

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.