GE Vernova Inc. (GEV) To Go Ex-Dividend on June 16th

GE Vernova Inc. (NYSE:GEV) announced a quarterly dividend on Tuesday, May 19th. Stockholders of record on Tuesday, June 16th will be given a dividend of 0.50 per share on Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 16th.

GE Vernova Price Performance

NYSE GEV opened at $940.14 on Friday. The company has a 50 day simple moving average of $1,008.85 and a 200-day simple moving average of $831.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.65. The firm has a market capitalization of $252.63 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 3.49 and a beta of 1.23. GE Vernova has a 52-week low of $474.21 and a 52-week high of $1,181.95.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $17.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $15.49. The business had revenue of $9.34 billion during the quarter, compared to analyst estimates of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Equities research analysts predict that GE Vernova will post 14.99 earnings per share for the current fiscal year.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.