GE Vernova Inc. (GEV) to Issue Quarterly Dividend of $0.50 on November 24th

GE Vernova Inc. (NYSE:GEV) declared a quarterly dividend on Wednesday, September 30th. Investors of record on Tuesday, October 27th will be given a dividend of $0.50 per share on Tuesday, November 24th. This represents a $2.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 27th.

GE Vernova Stock Performance

Shares of NYSE:GEV opened at $814.37 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.85. The firm’s 50 day simple moving average is $947.07 and its 200-day simple moving average is $1,000.96. The firm has a market cap of $216.89 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14. GE Vernova has a one year low of $530.16 and a one year high of $1,195.94.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter in the prior year, the firm posted $1.86 EPS. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, equities analysts predict that GE Vernova will post 15.04 EPS for the current year.

About GE Vernova

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.