Veralto Corporation (NYSE:VLTO – Get Free Report) announced a quarterly dividend on Wednesday, March 4th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.13 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st.
Veralto has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Veralto to earn $3.99 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 13.0%.
Veralto Stock Down 1.6%
Veralto stock opened at $85.04 on Friday. The company has a market capitalization of $21.08 billion, a P/E ratio of 22.68, a PEG ratio of 2.41 and a beta of 0.89. Veralto has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The stock has a 50-day simple moving average of $94.09 and a 200-day simple moving average of $99.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.52 and a current ratio of 1.67.
Veralto Company Profile
Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands. This segment provides water solutions, including chemical reagents, services, and digital solutions.
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