GE Vernova Inc. (NYSE:GEV) Plans Quarterly Dividend of $0.50

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

GE Vernova Trading Down 0.1%

NYSE GEV opened at $1,010.87 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89. The company has a market capitalization of $271.64 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 3.79 and a beta of 1.51. The company’s 50-day simple moving average is $966.16 and its two-hundred day simple moving average is $782.12. GE Vernova has a one year low of $442.56 and a one year high of $1,181.95.

GE Vernova (NYSE:GEVGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.19 billion. GE Vernova had a net margin of 23.81% and a return on equity of 43.97%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. Equities analysts forecast that GE Vernova will post 14.84 EPS for the current fiscal year.

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GE Vernova Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for GE Vernova (NYSE:GEV)

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