Elbit Systems Ltd. (NASDAQ:ESLT) Declares Quarterly Dividend of $0.50

Elbit Systems Ltd. (NASDAQ:ESLT) declared a quarterly dividend on Monday, May 27th, Wall Street Journal reports. Stockholders of record on Tuesday, June 18th will be given a dividend of 0.50 per share by the aerospace company on Monday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, June 18th.

Elbit Systems has increased its dividend payment by an average of 6.2% annually over the last three years. Elbit Systems has a payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Elbit Systems to earn $8.30 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 24.1%.

Elbit Systems Stock Up 0.7 %

Shares of NASDAQ:ESLT opened at $181.30 on Monday. The business has a fifty day simple moving average of $196.97 and a 200 day simple moving average of $204.46. Elbit Systems has a 12-month low of $179.42 and a 12-month high of $225.64. The firm has a market cap of $8.06 billion, a P/E ratio of 35.69 and a beta of 0.55. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 0.12.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.49 billion. Elbit Systems had a return on equity of 10.14% and a net margin of 3.70%. During the same period last year, the company earned $1.70 earnings per share. Analysts predict that Elbit Systems will post 7.45 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Elbit Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 29th.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.