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

GE Vernova Inc. (NYSE:GEV) 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) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 16th.

GE Vernova Trading Down 0.1%

GEV opened at $1,010.87 on Wednesday. GE Vernova has a one year low of $442.56 and a one year high of $1,181.95. The stock has a market capitalization of $271.64 billion, a PE ratio of 29.45, a P/E/G ratio of 3.79 and a beta of 1.51. The business’s 50 day moving average price is $966.16 and its 200 day moving average price is $782.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.65 and a current ratio of 0.89.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $17.44 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The firm had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.19 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, equities research analysts expect that GE Vernova will post 14.84 EPS for the current year.

About GE Vernova

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.