CHICAGO - GE HealthCare (NASDAQ:GEHC) Technologies Inc. (NASDAQ:GEHC) has announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per share on its Common Stock. The dividend is payable on May 15, 2024, to shareholders of record as of April 19, 2024.
This recent declaration follows GE HealthCare's tradition as a provider of medical technology and services. The company, which has been serving the healthcare industry for over a century, is known for its contributions to medical imaging, ultrasound, patient care solutions, and pharmaceutical diagnostics.
With a significant global footprint, GE HealthCare operates as a $19.6 billion business and employs approximately 51,000 people. The company focuses on integrated solutions and data analytics to enhance hospital efficiency, clinician effectiveness, and patient care precision.
This information is based on a press release statement from GE HealthCare Technologies Inc.
InvestingPro Insights
GE HealthCare Technologies Inc. (NASDAQ:GEHC) continues to demonstrate its commitment to shareholder returns with the recent announcement of its quarterly cash dividend. Reflecting on the company's financial health and market performance, InvestingPro data provides additional insights that may interest investors.
With a market capitalization of $41.53 billion and a positive revenue growth of 6.6% in the last twelve months as of Q4 2023, GE HealthCare shows a robust financial stature. The company's gross profit margin stands at a healthy 40.52%, indicating efficient management and strong pricing power within its industry.
A noteworthy InvestingPro Tip for GE HealthCare is its status as a prominent player in the Healthcare Equipment & Supplies industry, which may reassure investors about its market position. Additionally, the company has seen a strong return over the last three months, with a 17.6% price total return, signaling investor confidence and a potentially bullish outlook for the stock.
Investors looking to delve deeper into GE HealthCare's performance metrics and future projections can explore additional InvestingPro Tips. There are currently 7 more tips available on InvestingPro, which can be accessed at: https://www.investing.com/pro/GEHC. To enhance your investing strategies with these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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