Gen Digital Inc. (GEN) to Issue Quarterly Dividend of $0.13 on June 10th

Gen Digital Inc. (NASDAQ:GEN) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Monday, May 18th will be given a dividend of 0.125 per share on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, May 18th.

Gen Digital has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Gen Digital to earn $2.95 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 16.9%.

Gen Digital Stock Up 1.2%

Gen Digital stock opened at $23.45 on Friday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.47 and a current ratio of 0.40. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 14.84 and a beta of 1.10. Gen Digital has a fifty-two week low of $17.78 and a fifty-two week high of $32.22. The stock’s fifty day moving average is $20.20 and its two-hundred day moving average is $23.74.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Gen Digital had a return on equity of 55.47% and a net margin of 19.46%.The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. Gen Digital has set its Q1 2027 guidance at 0.680-0.700 EPS and its FY 2027 guidance at 2.850-2.950 EPS. Analysts predict that Gen Digital will post 2.66 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on GEN shares. Zacks Research raised Gen Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Wall Street Zen raised Gen Digital from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barclays raised their price target on Gen Digital from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Jefferies Financial Group lowered Gen Digital from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada raised their price target on Gen Digital from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.29.

Gen Digital Company Profile

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.