GE Aerospace Declares Quarterly Dividend of $0.36 (NYSE:GE)

Key Points

• GE Aerospace will pay a quarterly dividend of $0.36 per share on October 27th, with an ex-dividend date of September 29th, yielding 0.5%.
• The company reported $1.66 earnings per share for the previous quarter, exceeding expectations and showing a 21.2% revenue increase year-over-year.
• Institutional investors hold 74.77% of GE Aerospace's stock, with various investors increasing their positions significantly during the last quarter.

GE Aerospace (NYSE:GE - Get Free Report) announced a quarterly dividend on Thursday, September 18th, RTT News reports. Investors of record on Monday, September 29th will be given a dividend of 0.36 per share on Monday, October 27th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 29th.

GE Aerospace has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. 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 $1.44 annual dividend with an expected future payout ratio of 22.3%.

GE Aerospace Stock Performance

GE traded up $4.53 on Friday, hitting $301.62. The company had a trading volume of 9,629,752 shares, compared to its average volume of 3,951,953. GE Aerospace has a 1-year low of $159.36 and a 1-year high of $303.03. The stock has a market cap of $319.85 billion, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 3.20 and a beta of 1.48. The company's fifty day moving average price is $273.62 and its 200 day moving average price is $236.86. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The company's quarterly revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on GE shares. Wells Fargo & Company increased their target price on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Wall Street Zen upgraded GE Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Citigroup restated a "buy" rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Finally, UBS Group boosted their price target on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and an average price target of $232.92.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.