Gen Digital Inc. to Issue Quarterly Dividend of $0.13 (NASDAQ:GEN)

Gen Digital Inc. (NASDAQ:GEN) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.125 per share on Wednesday, December 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, November 18th.

Gen Digital has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Gen Digital to earn $2.23 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 22.4%.

Gen Digital Price Performance

Shares of Gen Digital stock opened at $29.58 on Friday. The stock’s fifty day moving average is $27.63 and its 200 day moving average is $25.68. Gen Digital has a one year low of $19.08 and a one year high of $30.89. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $18.23 billion, a P/E ratio of 30.18, a P/E/G ratio of 1.38 and a beta of 0.80.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised Gen Digital to a “strong-buy” rating in a research note on Thursday, October 24th.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.