GE Vernova (GEV) PT Raised to $391 at Jefferies

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Go back to GE Vernova (GEV) PT Raised to $391 at Jefferies

GE Vernova declares $0.25 per share quarterly dividend and initial $6 billion share buyback

December 10, 2024 4:10 PM EST

NEW YORK--(BUSINESS WIRE)-- GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.25 per share quarterly dividend and approved an initial $6 billion share repurchase authorization. The quarterly dividend will be payable on January 28, 2025, to shareholders of record as of December 20, 2024.

Future dividend declarations will be made at the discretion of the Board of Directors and will be based on GE Vernovas earnings, financial condition, cash requirements, prospects, and other factors. The share repurchase authorization has no expiration date and may be suspended or discontinued at any... More

GE Vernova raises multi-year financial outlook, initiates dividend and authorizes buyback

December 10, 2024 4:05 PM EST

Strong financial trajectory from robust demand and better execution 

Now anticipates ~$45B of revenue and 14% adjusted EBITDA margin* by 2028 Plans to invest ~$4B in capex and ~$5B in R&D through 2028 to fuel growth and innovation Expects to generate at least $14B of cumulative free cash flow* from 2025 to 2028 Board of Directors declared a $0.25 per share quarterly dividend, payable in the first quarter of 2025, and approved an initial $6B share repurchase authorization

NEW YORK--(BUSINESS WIRE)-- GE Vernova (NYSE: GEV),... More