GE Aerospace (NYSE:GE – Get Free Report) declared a quarterly dividend on Monday, September 21st. Investors of record on Monday, October 5th will be given a dividend of 0.47 per share on Monday, October 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, October 5th.
GE Aerospace has raised its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. GE Aerospace has a payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect GE Aerospace to earn $9.04 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 20.8%.
GE Aerospace Price Performance
Shares of NYSE:GE opened at $319.41 on Tuesday. The stock has a market cap of $331.41 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 2.29 and a beta of 1.35. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. GE Aerospace has a 12 month low of $268.91 and a 12 month high of $388.84. The stock’s 50 day moving average price is $346.98 and its 200 day moving average price is $327.44.
GE Aerospace News Summary
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: Defense propulsion milestone: GE Aerospace and Kratos successfully ignited the GEK800 turbofan propulsion system for a cruise-missile program. The test advances development of a potential defense program and reinforces GE’s position in military propulsion. Kratos and GE Aerospace Achieve Significant Program Milestone
- Positive Sentiment: Research investment: GE Aerospace plans to invest $225 million to modernize its Niskayuna, New York, research center. The spending should support advanced engine development, manufacturing capabilities and long-term growth, though it represents a near-term capital commitment. GE Aerospace invests $225M to modernize Niskayuna research center
- Positive Sentiment: Shareholder return: The board declared a quarterly dividend of $0.47 per share, payable October 26 to shareholders of record October 5. The dividend signals continued confidence in cash generation and provides modest income support. GE Aerospace Board of Directors Authorizes Quarterly Dividend
- Positive Sentiment: Governance update: The board appointed Wes Bush as independent lead director, potentially strengthening oversight and shareholder governance. GE Aerospace strengthens board leadership and governance oversight
- Negative Sentiment: GE9X execution risk: Redesigned seals for the GE9X engine are entering certification, but production approval still requires a separate FAA process. This could prolong delivery delays and increase pressure on GE’s commercial-engine execution. GE Aerospace Slips as GE9X Fix Enters Certification
About GE Aerospace
GE Aerospace (NYSE:GE) is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its portfolio serves commercial aviation, military and defense, business and general aviation, and other aerospace markets.
The company’s products and services include commercial and military aircraft engines, integrated engine systems, avionics, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul, spare parts, technical support and other lifecycle services for aircraft propulsion and related equipment.
GE Aerospace traces its roots to the aviation activities of General Electric, which began developing aircraft engines during World War I.
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