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

Gen Digital Inc. (NASDAQ:GENGet Free Report) declared a quarterly dividend on Thursday, May 9th, Zacks reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Friday, May 17th.

Gen Digital has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. 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

NASDAQ GEN opened at $25.05 on Thursday. Gen Digital has a twelve month low of $15.45 and a twelve month high of $25.07. The company has a quick ratio of 0.67, a current ratio of 0.51 and a debt-to-equity ratio of 3.84. The stock has a market cap of $15.95 billion, a P/E ratio of 26.37, a PEG ratio of 1.00 and a beta of 0.87. The company’s 50-day simple moving average is $21.50 and its 200 day simple moving average is $21.63.

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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