Fri Sep 20 13:07:29 UTC 2024: ## GE HealthCare Declares Quarterly Dividend of $0.03 per Share

**New York, NY** – GE HealthCare Technologies Inc. (NASDAQ: GEHC) has announced a quarterly dividend of $0.03 per share, payable on November 15th to shareholders of record as of October 18th. This represents an annualized dividend of $0.12, equating to a dividend yield of 0.13%.

The company’s dividend payout ratio sits at 2.5%, suggesting that the dividend is well-covered by earnings. Analysts project GE HealthCare to earn $4.72 per share next year, further indicating the company’s ability to sustain its dividend with a projected future payout ratio of 2.5%.

GE HealthCare’s stock opened at $90.62 on Friday, with a 52-week low of $62.35 and a high of $94.50. The company boasts a market capitalization of $41.36 billion and has a debt-to-equity ratio of 1.05.

In other news, GE HealthCare CEO Thomas J. Westrick recently sold 2,750 shares of the company’s stock at an average price of $80.78, amounting to a total value of $222,145. The transaction brings his direct ownership to 17,509 shares, currently valued at $1,414,377.02.

Several equities research analysts have offered their opinions on GE HealthCare. Goldman Sachs initiated coverage with a “neutral” rating and an $87.00 target price, while JPMorgan Chase & Co. assigned a “neutral” rating and a $90.00 price objective. Redburn Atlantic upgraded the stock to a “strong-buy” rating, and BTIG Research upgraded it from “neutral” to “buy” with a $100.00 price target. Stifel Nicolaus also initiated coverage with a “buy” rating and a $100.00 price objective.

Overall, the consensus rating for GE HealthCare among analysts is “Moderate Buy” with a consensus price target of $95.00.

GE HealthCare Technologies Inc. is a leading provider of medical imaging, ultrasound, patient care solutions, and pharmaceutical diagnostics. The company operates globally, serving patients in the United States, Canada, and other international markets.

Read More