Gen Digital Inc. Announces Quarterly Dividend of $0.13 (NASDAQ:GEN)

Gen Digital Inc. (NASDAQ:GEN - Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Monday, November 18th will be given a dividend of 0.125 per share on Wednesday, December 11th. This represents a $0.50 annualized dividend and a yield of 1.77%. The ex-dividend date is Monday, November 18th.

Gen Digital has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Gen Digital to earn $2.23 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 22.4%.

Gen Digital Trading Down 2.9 %

Shares of Gen Digital stock traded down $0.84 on Friday, hitting $28.27. 4,854,199 shares of the company traded hands, compared to its average volume of 4,160,611. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 3.65. The company has a market cap of $17.40 billion, a PE ratio of 29.50, a PEG ratio of 1.26 and a beta of 0.81. The stock's 50 day moving average price is $26.89 and its 200-day moving average price is $24.96. Gen Digital has a 52 week low of $16.68 and a 52 week high of $30.03.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $965.00 million during the quarter, compared to analysts' expectations of $960.41 million. Gen Digital had a return on equity of 54.86% and a net margin of 16.08%. Equities research analysts predict that Gen Digital will post 2.04 EPS for the current year.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised shares of Gen Digital to a "strong-buy" rating in a research note on Thursday, October 24th.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.