Gen Digital Inc. (GEN) to Issue Quarterly Dividend of $0.12 on December 9th

Gen Digital Inc. (NASDAQ:GEN) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Monday, November 16th will be given a dividend of $0.1250 per share on Wednesday, December 9th. This represents a $0.50 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, November 16th.

Gen Digital has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Gen Digital to earn $3.08 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 16.2%.

Gen Digital Price Performance

NASDAQ GEN opened at $28.20 on Friday. Gen Digital has a fifty-two week low of $17.78 and a fifty-two week high of $31.65. The stock’s 50-day moving average is $26.48 and its two-hundred day moving average is $24.38. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $16.88 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 0.76 and a beta of 1.26.

Gen Digital (NASDAQ:GEN) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Gen Digital had a return on equity of 57.97% and a net margin of 23.07%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. On average, analysts anticipate that Gen Digital will post 2.66 earnings per share for the current fiscal year.

More Gen Digital News

Here are the key news stories impacting Gen Digital this week:

• Positive Sentiment: Gen Digital reported fiscal Q2 adjusted earnings of $0.74 per share, exceeding the $0.72 consensus estimate, while revenue rose 12.2% year over year to $1.37 billion, above expectations of $1.34 billion. Gen Digital Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its fiscal 2027 outlook, citing strong cybersecurity demand, double-digit growth and record Cyber Safety margins. Financial-wellness strength and a 40% increase in partner-channel revenue to $295 million supported the results. Gen Digital raises annual revenue forecast
• Positive Sentiment: The company said it is not currently pursuing a “transformative acquisition,” easing concerns that a large deal could increase leverage or dilute shareholder value. Gen Digital Surges as M&A speculation ends
• Positive Sentiment: Gen Digital declared its regular quarterly dividend of $0.125 per share, or $0.50 annualized, providing continued shareholder income. Gen Digital approves quarterly dividend
• Neutral Sentiment: Analyst reactions were mixed but generally constructive: Morgan Stanley raised its price target to $34 from $32, while RBC lifted its target to $27 but maintained a “sector perform” rating, implying downside from the referenced share price. Morgan Stanley adjusts Gen Digital price target
• Negative Sentiment: Despite the earnings beat, investors are scrutinizing the durability of margins and the stock’s valuation following its advance, which could limit further gains if profitability or guidance disappoints. Gen Digital stock repriced after Q2 earnings

About Gen Digital

Gen Digital Inc (NASDAQ: GEN) is a cybersecurity company that provides digital safety, privacy, and identity protection products for consumers. Its services are designed to help protect devices, personal information, online accounts, and digital identities from malware, fraud, identity theft, scams, and other cyber threats.

The company operates a portfolio of consumer brands that includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner. Its offerings include antivirus and device security software, virtual private network services, password management, identity theft monitoring and restoration support, privacy tools, scam protection, and performance and optimization utilities.

Gen Digital serves customers internationally through direct subscriptions and distribution partnerships.