Elbit Systems Ltd. (ESLT) to Issue Quarterly Dividend of $1.00 on July 6th

Elbit Systems Ltd. (NASDAQ:ESLT) declared a quarterly dividend on Monday, May 25th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 1.00 per share by the aerospace company on Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Elbit Systems has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Elbit Systems has a payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Elbit Systems to earn $18.55 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 17.9%.

Elbit Systems Stock Performance

Shares of ESLT opened at $788.23 on Friday. The firm has a market capitalization of $35.04 billion, a P/E ratio of 63.82, a P/E/G ratio of 3.36 and a beta of 0.14. The stock has a 50 day moving average price of $833.04 and a two-hundred day moving average price of $756.85. Elbit Systems has a 52 week low of $415.90 and a 52 week high of $1,016.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.41.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.89. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. Equities analysts forecast that Elbit Systems will post 15.23 earnings per share for the current fiscal year.

About Elbit Systems

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.