GE HealthCare Technologies Inc. (GEHC) to Issue Quarterly Dividend of $0.04 on May 15th

GE HealthCare Technologies Inc. (NASDAQ:GEHC) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Friday, April 3rd will be given a dividend of 0.035 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, April 2nd.

GE HealthCare Technologies has a payout ratio of 3.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect GE HealthCare Technologies to earn $5.20 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 2.7%.

GE HealthCare Technologies Price Performance

Shares of NASDAQ GEHC opened at $68.77 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.37 and a quick ratio of 1.13. The stock has a market capitalization of $31.38 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.52 and a beta of 1.03. The firm’s 50 day simple moving average is $77.65 and its 200-day simple moving average is $78.21. GE HealthCare Technologies has a 12 month low of $57.65 and a 12 month high of $89.77.

GE HealthCare Technologies (NASDAQ:GEHC) last posted its earnings results on Wednesday, February 4th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.04. GE HealthCare Technologies had a net margin of 10.11% and a return on equity of 21.35%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.60 billion. During the same period in the previous year, the business posted $1.45 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. GE HealthCare Technologies has set its FY 2026 guidance at 4.950-5.150 EPS. Analysts expect that GE HealthCare Technologies will post 4.68 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GEHC. Western Wealth Management LLC lifted its stake in shares of GE HealthCare Technologies by 2.4% during the 4th quarter. Western Wealth Management LLC now owns 5,240 shares of the company’s stock worth $430,000 after purchasing an additional 125 shares during the period. United Community Bank grew its position in shares of GE HealthCare Technologies by 10.2% in the fourth quarter. United Community Bank now owns 1,410 shares of the company’s stock valued at $116,000 after purchasing an additional 130 shares during the period. Parkside Financial Bank & Trust increased its stake in GE HealthCare Technologies by 3.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,567 shares of the company’s stock valued at $293,000 after purchasing an additional 134 shares during the last quarter. Thoma Capital Management LLC increased its stake in GE HealthCare Technologies by 1.4% in the fourth quarter. Thoma Capital Management LLC now owns 9,918 shares of the company’s stock valued at $814,000 after purchasing an additional 136 shares during the last quarter. Finally, True North Advisors LLC lifted its position in GE HealthCare Technologies by 2.0% during the third quarter. True North Advisors LLC now owns 6,987 shares of the company’s stock worth $525,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 82.06% of the company’s stock.

About GE HealthCare Technologies

GE HealthCare Technologies (NASDAQ: GEHC) is a global medical technology and diagnostics company that develops, manufactures and markets a broad range of products and services for healthcare providers. Its portfolio centers on diagnostic imaging systems, including MRI, CT, PET and X-ray modalities, as well as ultrasound equipment. The company also supplies patient monitoring and anesthesia delivery systems, interventional and surgical imaging solutions, and molecular imaging technologies used in both clinical care and research settings.

In addition to hardware, GE HealthCare offers software, analytics and lifecycle services aimed at improving clinical workflows and equipment uptime.