Gen Digital Inc. (NASDAQ:GEN) Announces Quarterly Dividend of $0.12

Gen Digital Inc. (NASDAQ:GEN – Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.1250 per share on Wednesday, December 9th. This represents a $0.50 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, November 16th.

Gen Digital has a dividend payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Gen Digital to earn $3.08 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 16.2%.

Gen Digital Price Performance

Gen Digital stock opened at $24.35 on Thursday. The stock has a market capitalization of $14.58 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.78 and a beta of 1.26. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a fifty day moving average of $26.47 and a 200-day moving average of $24.37. Gen Digital has a 52 week low of $17.78 and a 52 week high of $31.65.

Gen Digital (NASDAQ:GEN – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Gen Digital had a net margin of 20.73% and a return on equity of 55.93%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. On average, sell-side analysts expect that Gen Digital will post 2.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GEN shares. Wall Street Zen downgraded shares of Gen Digital from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings raised Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Wells Fargo & Company raised their target price on Gen Digital from $22.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Royal Bank Of Canada lowered their target price on Gen Digital from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Monday, October 12th. Finally, Barclays increased their price target on Gen Digital from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Gen Digital presently has a consensus rating of “Hold” and a consensus price target of $30.25.

Check Out Our Latest Report on GEN

About Gen Digital

(Get Free Report)

Gen Digital Inc (NASDAQ: GEN) is a cybersecurity company that provides digital safety, privacy, and identity protection products for consumers. Its services are designed to help protect devices, personal information, online accounts, and digital identities from malware, fraud, identity theft, scams, and other cyber threats.

The company operates a portfolio of consumer brands that includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. Its offerings include antivirus and device security software, virtual private network services, password management, identity theft monitoring and restoration support, privacy tools, scam protection, and performance and optimization utilities.

Gen Digital serves customers internationally through direct subscriptions and distribution partnerships.

See Also

Dividend History for Gen Digital (NASDAQ:GEN)

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