Elbit Systems Ltd. (NASDAQ:ESLT) Announces Quarterly Dividend of $0.60

Elbit Systems Ltd. (NASDAQ:ESLT) announced a quarterly dividend on Wednesday, March 19th, Wall Street Journal reports. Shareholders of record on Tuesday, April 22nd will be paid a dividend of 0.60 per share by the aerospace company on Monday, May 5th. This represents a $2.40 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Tuesday, April 22nd. This is a 20.0% increase from Elbit Systems’s previous quarterly dividend of $0.50.

Elbit Systems has raised its dividend by an average of 3.6% annually over the last three years. Elbit Systems has a dividend payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Elbit Systems to earn $8.85 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 22.6%.

Elbit Systems Price Performance

Shares of NASDAQ ESLT opened at $413.00 on Friday. Elbit Systems has a fifty-two week low of $175.30 and a fifty-two week high of $414.64. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 70.60 and a beta of 0.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The firm’s 50-day simple moving average is $318.45 and its 200 day simple moving average is $259.94.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, March 18th. The aerospace company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.71. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. As a group, research analysts anticipate that Elbit Systems will post 8.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

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.