GE HealthCare Technologies Inc. (NASDAQ:GEHC) Announces $0.04 Quarterly Dividend

GE HealthCare Technologies Inc. (NASDAQ:GEHCGet Free Report) announced a quarterly dividend on Tuesday, June 30th. Stockholders of record on Friday, July 24th will be paid a dividend of 0.035 per share on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, July 24th.

GE HealthCare Technologies has a dividend payout ratio of 3.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect GE HealthCare Technologies to earn $5.36 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 2.6%.

GE HealthCare Technologies Trading Down 1.6%

Shares of NASDAQ:GEHC opened at $64.01 on Wednesday. The firm has a market cap of $29.12 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.77 and a beta of 0.74. GE HealthCare Technologies has a 12 month low of $58.75 and a 12 month high of $89.77. The company’s fifty day simple moving average is $64.14 and its 200 day simple moving average is $73.62. The company has a quick ratio of 0.95, a current ratio of 1.22 and a debt-to-equity ratio of 0.95.

GE HealthCare Technologies (NASDAQ:GEHCGet Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.08). The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.04 billion. GE HealthCare Technologies had a return on equity of 20.46% and a net margin of 9.10%.GE HealthCare Technologies’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.01 EPS. GE HealthCare Technologies has set its FY 2026 guidance at 4.800-5.000 EPS. As a group, research analysts forecast that GE HealthCare Technologies will post 4.89 EPS for the current fiscal year.

GE HealthCare Technologies Company Profile

(Get Free Report)

GE HealthCare Technologies (NASDAQ: GEHC) is a global medical technology and diagnostics company that develops, manufactures and markets a broad range of products and services for healthcare providers. Its portfolio centers on diagnostic imaging systems, including MRI, CT, PET and X-ray modalities, as well as ultrasound equipment. The company also supplies patient monitoring and anesthesia delivery systems, interventional and surgical imaging solutions, and molecular imaging technologies used in both clinical care and research settings.

In addition to hardware, GE HealthCare offers software, analytics and lifecycle services aimed at improving clinical workflows and equipment uptime.

Further Reading

Dividend History for GE HealthCare Technologies (NASDAQ:GEHC)

Receive News & Ratings for GE HealthCare Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE HealthCare Technologies and related companies with MarketBeat.com's FREE daily email newsletter.