Elbit Systems Ltd. (ESLT) to Issue Quarterly Dividend of $0.50 on January 6th

Elbit Systems Ltd. (NASDAQ:ESLT) announced a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Investors of record on Monday, December 23rd will be given a dividend of 0.50 per share by the aerospace company on Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Monday, December 23rd. This is an increase from Elbit Systems’s previous quarterly dividend of $0.42.

Elbit Systems has raised its dividend payment by an average of 6.2% per year over the last three years. Elbit Systems has a payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Elbit Systems to earn $8.50 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 23.5%.

Elbit Systems Stock Up 0.2 %

Elbit Systems stock opened at $249.07 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $11.07 billion, a P/E ratio of 42.58 and a beta of 0.51. The firm has a 50 day moving average price of $215.06 and a 200-day moving average price of $199.30. Elbit Systems has a twelve month low of $175.30 and a twelve month high of $252.50.

Analyst Ratings Changes

Separately, StockNews.com raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.