Veralto Corporation (NYSE:VLTO – Get Free Report) declared a quarterly dividend on Tuesday, September 22nd. Investors of record on Wednesday, September 30th will be given a dividend of 0.13 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, September 30th.
Veralto has a dividend payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Veralto to earn $4.76 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 10.9%.
Veralto Stock Performance
Veralto stock traded up $1.30 during mid-day trading on Thursday, reaching $97.18. 350,553 shares of the company’s stock were exchanged, compared to its average volume of 1,981,742. The business’s fifty day simple moving average is $96.18 and its 200 day simple moving average is $90.86. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. Veralto has a one year low of $80.03 and a one year high of $107.90. The firm has a market capitalization of $23.69 billion, a PE ratio of 24.53, a P/E/G ratio of 2.72 and a beta of 0.60.
About Veralto
Veralto Corporation (NYSE: VLTO) is a global provider of technology, equipment, software and services focused on water quality and product quality. The company serves municipal, industrial, commercial and consumer markets, helping customers monitor and manage water systems while improving the production, packaging and identification of products.
Veralto operates through two primary segments. Its Water Quality businesses provide water analytics, testing and monitoring systems, treatment technologies, flow measurement equipment and related software and services.
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