General Electric Co. (GE) Plans Quarterly Dividend of $0.19
General Electric (NYSE:GE) announced a quarterly dividend on Friday, September 13th, AnalystRatings.Net reports. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.19 per share on Friday, October 25th. This represents a $0.76 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, September 19th.
GE has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of General Electric (NYSE:GE) in a research note to investors on Wednesday. On the ratings front, analysts at Argus reiterated a “buy” rating on shares of General Electric (NYSE:GE) in a research note to investors on Wednesday. They now have a $28.00 price target on the stock.
Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $27.88.
Shares of General Electric (NYSE:GE) traded down 0.06% during mid-day trading on Friday, hitting $23.835. The stock had a trading volume of 8,829,778 shares. General Electric has a 52 week low of $19.87 and a 52 week high of $24.95. The stock has a 50-day moving average of $23.91 and a 200-day moving average of $23.42. The company has a market cap of $242.7 billion and a price-to-earnings ratio of 17.65.
General Electric (NYSE:GE) last announced its earnings results on Friday, July 19th. The company reported $0.36 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.36. The company had revenue of $35.12 billion for the quarter, compared to the consensus estimate of $35.58 billion. During the same quarter last year, the company posted $0.38 earnings per share. General Electric’s revenue was down 3.5% compared to the same quarter last year. On average, analysts predict that General Electric will post $1.66 earnings per share for the current fiscal year.
General Electric Company (NYSE:GE) is a diversified technology and financial services company.
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