Elbit Systems Ltd. (NASDAQ:ESLT) Announces Quarterly Dividend of $1.00

Elbit Systems Ltd. (NASDAQ:ESLT) declared a quarterly dividend on Monday, August 10th. Shareholders of record on Tuesday, October 13th will be given a dividend of 1.00 per share by the aerospace company on Monday, October 26th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 13th.

Elbit Systems has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Elbit Systems has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Elbit Systems to earn $18.17 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 18.3%.

Elbit Systems Price Performance

Shares of ESLT stock traded down $69.96 on Tuesday, reaching $776.08. The company’s stock had a trading volume of 233,571 shares, compared to its average volume of 133,211. Elbit Systems has a 12-month low of $432.85 and a 12-month high of $1,016.06. The stock’s 50 day simple moving average is $796.99 and its 200-day simple moving average is $808.39. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $34.50 billion, a P/E ratio of 62.84, a PEG ratio of 3.65 and a beta of 0.17.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, August 11th. The aerospace company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.45. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. As a group, equities analysts predict that Elbit Systems will post 15.3 earnings per share for the current fiscal year.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.