Elbit Systems Ltd (NASDAQ:ESLT) declared a quarterly dividend on Wednesday, March 20th, Wall Street Journal reports. Shareholders of record on Monday, April 1st will be paid a dividend of 0.44 per share by the aerospace company on Monday, April 15th. This represents a $1.76 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Monday, April 1st.
Elbit Systems has raised its dividend payment by an average of 6.9% per year over the last three years. Elbit Systems has a dividend payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings.
ESLT traded down $0.24 during mid-day trading on Wednesday, reaching $130.14. The stock had a trading volume of 6,986 shares, compared to its average volume of 10,070. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 20.83 and a beta of 0.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.39. Elbit Systems has a 52 week low of $109.81 and a 52 week high of $135.98.
Separately, BidaskClub lowered Elbit Systems from a “buy” rating to a “hold” rating in a research report on Friday, March 15th.
Elbit Systems Company Profile
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; command, control, communications, computer, and intelligence systems; electronic warfare and signal intelligence systems; and commercial cyber security products.
Further Reading: Cost of Equity
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