Gen Digital Inc. (NASDAQ:GEN) Declares Quarterly Dividend of $0.13

Gen Digital Inc. (NASDAQ:GEN - Get Free Report) declared a quarterly dividend on Thursday, May 9th, Zacks reports. Shareholders of record on Monday, May 20th will be given a dividend of 0.125 per share on Wednesday, June 12th. This represents a $0.50 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, May 17th.

Gen Digital has a dividend payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Gen Digital to earn $2.33 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 21.5%.

Gen Digital Price Performance

Shares of GEN stock traded up $3.12 during trading hours on Friday, hitting $23.46. 13,620,337 shares of the company's stock were exchanged, compared to its average volume of 3,852,623. The company has a market capitalization of $14.94 billion, a PE ratio of 24.69, a PEG ratio of 0.85 and a beta of 0.87. Gen Digital has a 12-month low of $15.45 and a 12-month high of $24.37. The business's 50 day simple moving average is $21.31 and its 200-day simple moving average is $21.43. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.76.

Gen Digital Company Profile

Gen Digital Inc provides cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers security and performance products comprising that provide real-time protection for PCs, Macs and mobile devices against malware, viruses, adware, and other online threats; and Norton and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers.