GE Vernova Inc. (GEV) to Issue Quarterly Dividend of $0.50 on April 14th

GE Vernova Inc. (NYSE:GEV) announced a quarterly dividend on Tuesday, February 17th. Investors of record on Tuesday, March 17th will be given a dividend of 0.50 per share on Tuesday, April 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, March 17th.

GE Vernova Trading Down 3.3%

Shares of GEV opened at $804.45 on Friday. The firm’s 50-day moving average is $759.92 and its two-hundred day moving average is $663.84. GE Vernova has a twelve month low of $252.25 and a twelve month high of $894.93. The firm has a market capitalization of $216.82 billion, a P/E ratio of 45.19, a PEG ratio of 3.20 and a beta of 1.45.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $10.40. The company had revenue of $10.96 billion during the quarter, compared to analysts’ expectations of $10.21 billion. GE Vernova had a net margin of 12.83% and a return on equity of 46.91%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $1.73 earnings per share. Analysts predict that GE Vernova will post 6.59 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.