Gen Digital Inc. (GEN) to Issue Quarterly Dividend of $0.13 on June 12th

Gen Digital Inc. (NASDAQ:GENGet Free Report) announced a quarterly dividend on Thursday, May 9th, Zacks reports. Investors of record on Monday, May 20th will be given a dividend of 0.125 per share on Wednesday, June 12th. This represents a $0.50 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, May 17th.

Gen Digital has a payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Gen Digital to earn $2.33 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 21.5%.

Gen Digital Stock Performance

GEN opened at $24.54 on Wednesday. The company has a debt-to-equity ratio of 3.84, a current ratio of 0.51 and a quick ratio of 0.67. The business has a 50 day moving average price of $21.43 and a two-hundred day moving average price of $21.60. Gen Digital has a 1-year low of $15.45 and a 1-year high of $24.58. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 1.00 and a beta of 0.87.

Gen Digital Company Profile

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Gen Digital Inc provides cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers security and performance products comprising that provide real-time protection for PCs, Macs and mobile devices against malware, viruses, adware, and other online threats; and Norton and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers.

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Dividend History for Gen Digital (NASDAQ:GEN)

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