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

Gen Digital Inc. (NASDAQ:GEN) declared a quarterly dividend on Wednesday, October 30th,Zacks Dividends 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 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Monday, November 18th.

Gen Digital has a payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ GEN opened at $29.58 on Friday. The company has a market capitalization of $18.23 billion, a PE ratio of 30.18, a PEG ratio of 1.42 and a beta of 0.80. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 3.40. The stock’s 50 day moving average price is $27.63 and its 200-day moving average price is $25.64. Gen Digital has a twelve month low of $19.08 and a twelve month high of $30.89.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Thursday, October 24th.

About Gen Digital

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.