Elbit Systems Ltd. (ESLT) to Issue Quarterly Dividend of $0.75 on January 5th

Elbit Systems Ltd. (NASDAQ:ESLT) announced a quarterly dividend on Monday, November 17th. Shareholders of record on Monday, December 22nd will be given a dividend of 0.75 per share by the aerospace company on Monday, January 5th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd.

Elbit Systems has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Elbit Systems has a dividend payout ratio of 17.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Elbit Systems to earn $8.85 per share next year, which means the company should continue to be able to cover its $2.25 annual dividend with an expected future payout ratio of 25.4%.

Elbit Systems Stock Performance

NASDAQ:ESLT opened at $554.25 on Friday. Elbit Systems has a 52 week low of $255.01 and a 52 week high of $557.11. The company has a fifty day simple moving average of $488.19 and a two-hundred day simple moving average of $472.72. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.06. The company has a market cap of $24.64 billion, a price-to-earnings ratio of 56.33, a price-to-earnings-growth ratio of 1.88 and a beta of 0.24.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.60. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%.The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.99 billion. As a group, equities analysts anticipate that Elbit Systems will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Company Profile

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.