GE HealthCare Technologies Inc. (GEHC) To Go Ex-Dividend on October 23rd

GE HealthCare Technologies Inc. (NASDAQ:GEHC) announced a quarterly dividend on Tuesday, September 22nd. Investors of record on Friday, October 23rd will be given a dividend of $0.04 per share on Friday, November 13th. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 23rd. This is a 14.3% increase from GE HealthCare Technologies’s previous quarterly dividend of $0.0350.

GE HealthCare Technologies has a payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect GE HealthCare Technologies to earn $5.41 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 3.0%.

GE HealthCare Technologies Trading Up 0.7%

Shares of NASDAQ:GEHC opened at $70.23 on Wednesday. The stock has a market capitalization of $31.72 billion, a PE ratio of 16.11, a P/E/G ratio of 1.84 and a beta of 0.73. The firm has a fifty day moving average price of $68.42 and a 200 day moving average price of $66.76. GE HealthCare Technologies has a 1 year low of $58.75 and a 1 year high of $89.77. The company has a current ratio of 1.26, a quick ratio of 0.97 and a debt-to-equity ratio of 0.92.

GE HealthCare Technologies (NASDAQ:GEHC) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. GE HealthCare Technologies had a return on equity of 20.12% and a net margin of 9.33%. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period last year, the business posted $1.06 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that GE HealthCare Technologies will post 4.93 EPS for the current fiscal year.

Institutional Trading of GE HealthCare Technologies

A number of institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its position in GE HealthCare Technologies by 2.9% in the third quarter. Quadrant Capital Group LLC now owns 7,337 shares of the company’s stock valued at $505,000 after buying an additional 207 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in shares of GE HealthCare Technologies by 74.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 719 shares of the company’s stock valued at $47,000 after acquiring an additional 306 shares in the last quarter. Carnegie Investment Counsel increased its position in GE HealthCare Technologies by 2.0% in the 3rd quarter. Carnegie Investment Counsel now owns 7,678 shares of the company’s stock valued at $502,000 after buying an additional 151 shares in the last quarter. Diversify Advisory Services LLC grew its position in GE HealthCare Technologies by 7.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 4,004 shares of the company’s stock valued at $282,000 after purchasing an additional 269 shares during the period. Finally, South Shore Capital Advisors acquired a new position in shares of GE HealthCare Technologies during the third quarter valued at about $62,000. 82.06% of the stock is currently owned by institutional investors.

About GE HealthCare Technologies

GE HealthCare Technologies Inc is a global medical technology company that develops and provides products, services and digital solutions for healthcare providers. Its offerings are designed to support the diagnosis, treatment and monitoring of patients across hospitals, outpatient facilities, imaging centers and other care settings.

The company’s portfolio includes medical imaging systems such as computed tomography, magnetic resonance imaging, molecular imaging, surgical imaging and X-ray equipment.