General Electric (NYSE:GE) declared a quarterly dividend on Friday, June 14th, AnalystRatings.Net reports. Shareholders of record on Monday, June 24th will be given a dividend of $0.19 per share on Thursday, July 25th. This represents a $0.76 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, June 20th.
Several analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of General Electric in a research note to investors on Friday. They now have a $28.00 price target on the stock. On a related note, analysts at Bank of America reiterated a “buy” rating on shares of General Electric in a research note to investors on Tuesday, June 4th. They now have a $25.00 price target on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of General Electric in a research note to investors on Monday, June 3rd. They now have a $26.00 price target on the stock.
Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.12.
General Electric (NYSE: GE) last announced its earnings results on Friday, April 19th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.04. The company had revenue of $35.01 billion for the quarter, compared to the consensus estimate of $34.70 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that General Electric will post $1.66 earnings per share for the current fiscal year.
General Electric Company (NYSE: GE) is a diversified technology and financial services company.
