GE Vernova: dividend expected in Q1 2025
(CercleFinance.com) - On Tuesday evening, GE Vernova announced its Board of Directors' decision to pay a first quarterly dividend of $0.
25 per share in Q1 2025, and to authorize share buybacks worth $6bn.
At its Investor Day, the company stated that it is now targeting around $45bn in revenues and a 14% adjusted EBITDA margin by 2028. It also expects to generate at least $14bn in cumulative free cash flow over 2025-28.
The energy equipment manufacturer also plans to invest around $4bn in capex and around $5bn in R&D by 2028 to fuel growth and innovation.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
25 per share in Q1 2025, and to authorize share buybacks worth $6bn.
At its Investor Day, the company stated that it is now targeting around $45bn in revenues and a 14% adjusted EBITDA margin by 2028. It also expects to generate at least $14bn in cumulative free cash flow over 2025-28.
The energy equipment manufacturer also plans to invest around $4bn in capex and around $5bn in R&D by 2028 to fuel growth and innovation.
Copyright (c) 2024 CercleFinance.com. All rights reserved.