Elbit Systems Ltd. (ESLT) to Issue Quarterly Dividend of $0.50 on January 6th

Elbit Systems Ltd. (NASDAQ:ESLT) announced a quarterly dividend on Monday, November 18th,Wall Street Journal reports. Investors of record on Monday, December 23rd will be given a dividend of 0.50 per share by the aerospace company on Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Monday, December 23rd. This is an increase from Elbit Systems’s previous quarterly dividend of $0.42.

Elbit Systems has increased its dividend payment by an average of 6.2% annually over the last three years. Elbit Systems has a dividend payout ratio of 21.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Elbit Systems to earn $8.85 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 22.6%.

Elbit Systems Price Performance

NASDAQ ESLT opened at $257.78 on Friday. The company has a 50-day moving average price of $236.04 and a 200-day moving average price of $206.68. Elbit Systems has a 52 week low of $175.30 and a 52 week high of $266.35. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $11.46 billion, a P/E ratio of 44.07 and a beta of 0.52.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

About Elbit Systems

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.