Gen Digital Inc. (NASDAQ:GEN) Shares to Pay Quarterly Dividend of $0.12

Key Points

• Gen Digital declared a quarterly dividend of $0.125 per share, payable December 9 to shareholders of record on November 16. The annualized dividend is $0.50 per share, implying a yield of about 2.1%.
• The company reported strong quarterly results, with earnings of $0.74 per share and revenue of $1.37 billion, surpassing analyst estimates; revenue rose 12.2% year over year.
• Dividend coverage remains solid, with a 17.9% payout ratio, though the stock faces technical pressure after falling below its 200-day moving average and carries a debt-to-equity ratio of 3.00.

Gen Digital Inc. (NASDAQ:GEN - Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Monday, November 16th will be given a dividend of $0.1250 per share on Wednesday, December 9th. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, November 16th.

Gen Digital has a dividend payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Gen Digital to earn $3.08 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 16.2%.

Gen Digital Trading Up 0.4%

GEN opened at $24.35 on Thursday. Gen Digital has a 52 week low of $17.78 and a 52 week high of $31.65. The business has a fifty day simple moving average of $26.47 and a 200-day simple moving average of $24.37. The firm has a market cap of $14.58 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.78 and a beta of 1.26. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.00.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. Gen Digital had a return on equity of 55.93% and a net margin of 20.73%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The company's revenue was up 12.2% on a year-over-year basis. On average, equities analysts expect that Gen Digital will post 2.66 earnings per share for the current year.

Key Headlines Impacting Gen Digital

Here are the key news stories impacting Gen Digital this week:

• Positive Sentiment: Gen Digital reported fiscal Q2 adjusted earnings of $0.74 per share, exceeding the $0.72 analyst consensus and rising from $0.62 a year earlier. Revenue increased 12.2% year over year to $1.37 billion, ahead of the $1.34 billion estimate. Gen Digital Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook, citing strong demand for cybersecurity products and services, and issued guidance for the coming quarter. The improved forecast reinforces expectations for continued growth. Gen Digital raises annual revenue forecast on strong cybersecurity demand
• Positive Sentiment: Growth was broad-based, with partner-channel revenue climbing 40% year over year to $295 million. The performance suggests Gen is expanding distribution in addition to benefiting from underlying cybersecurity demand. Gen Digital: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: The board declared a quarterly dividend of $0.125 per share, equivalent to $0.50 annually and an indicated yield of about 2.1%. The payout adds shareholder-return support, with the ex-dividend date set for November 16.
• Neutral Sentiment: Gen Digital rose relative to cybersecurity peers after Fortinet plunged following its update, although broader weakness in the sector could still create volatility. Fortinet plunges 26% after-hours and takes Tenable with it as Gen Digital rises
• Negative Sentiment: Before the earnings release, the stock had crossed below its 200-day moving average, a technical warning that could limit near-term momentum despite the fundamental improvement. Gen Digital Stock Crosses Below Two Hundred Day Moving Average

About Gen Digital

Gen Digital Inc NASDAQ: GEN is a cybersecurity company that provides digital safety, privacy, and identity protection products for consumers. Its services are designed to help protect devices, personal information, online accounts, and digital identities from malware, fraud, identity theft, scams, and other cyber threats.

The company operates a portfolio of consumer brands that includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. Its offerings include antivirus and device security software, virtual private network services, password management, identity theft monitoring and restoration support, privacy tools, scam protection, and performance and optimization utilities.

Gen Digital serves customers internationally through direct subscriptions and distribution partnerships.

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