General Electric Co. Plans Quarterly Dividend of $0.22 (GE)
General Electric (NYSE:GE) announced a quarterly dividend on Friday, June 6th, AnalystRatingsNetwork.com reports. Stockholders of record on Monday, June 23rd will be paid a dividend of 0.22 per share on Friday, July 25th. This represents a $0.88 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, June 19th.
On a related note, analysts at Zacks reiterated a “neutral” rating on shares of General Electric in a research note on Monday, April 21st. They now have a $28.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. General Electric has an average rating of “Hold” and a consensus price target of $28.31.
General Electric (NYSE:GE) traded up 1.05% on Friday, hitting $27.05. 11,361,492 shares of the company’s stock traded hands. General Electric has a 52 week low of $22.76 and a 52 week high of $28.09. The stock’s 50-day moving average is $26.62 and its 200-day moving average is $26.27. The company has a market cap of $271.3 billion and a price-to-earnings ratio of 22.01.
General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $34.18 billion for the quarter, compared to the consensus estimate of $34.45 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts predict that General Electric will post $1.70 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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