GE Aerospace dividend: payout, cash cover and yield
GE Aerospace pays a declared quarterly dividend of $0.47, implying $1.88 through October 2027. Cash coverage has been mixed: in 2024 and 2025, dividends and buybacks exceeded free cash flow.
How much does GE Aerospace pay shareholders?
The dividend starts from the declared quarterly rate of $0.47, implying $1.88 through October 2027. The base case then rises to $2.00 and $2.12. The bear case holds at $1.88, while the bull case reaches $2.36. The range reflects 2026 free-cash-flow guidance of $8,900 million to $9,200 million, balanced against CPP funding and investment needs.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Earnings | 9,016 (7,704 / 9,512) | 10,065 (7,728 / 11,310) | 11,172 (7,772 / 13,140) |
| Dividends per share | 1.88 (1.88 / 1.88) | 2.00 (1.88 / 2.12) | 2.12 (1.88 / 2.36) |
| Price to earnings | 33.00 (29.00 / 36.00) | 31.00 (26.00 / 37.00) | 29.00 (23.00 / 38.00) |
Does GE Aerospace's dividend fit its cash flow?
The balance then shifted. In both 2024 and 2025, dividends and buybacks exceeded free cash flow. Buybacks reduce the number of shares outstanding, which can increase each remaining shareholder’s claim on earnings, but only if GE does not overpay. GE also issued shares through exercised employee options, so repurchases must be judged against both the price paid and new shares created.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Free cash flow | 7,270 | 4,785 | 3,747 | 3,365 | |
| − Dividends paid | 1,452 | 1,008 | 353 | 355 | 355 |
| − Share buybacks | 7,551 | 5,827 | 1,233 | 1,048 | 107 |
| Paid to shareholders | 9,003 | 6,835 | 1,586 | 1,403 | 462 |
| Paid out, % of free cash flow | 123.8% | 142.8% | 42.3% | 41.7% |
What could change GE Aerospace's dividend?
By October 2028, LEAP service margins and repair economics become decisive. Improving durability and expanding shop throughput would justify higher earnings, dividends and buybacks. Disappointing repair costs would reduce all three.
What is GE Aerospace's dividend yield today?
Dividends and buybacks return money to shareholders, but neither creates the underlying cash. Engine deliveries, flying activity, replacement parts and completed overhauls must support them. The stated real free cash flow yield therefore matters only once its adjustment is clearly defined.
| Today (Oct 12, 2026) | |
|---|---|
| Share price | 308.20 |
| Free cash flow yield (calculated) | 2.3% |
| Real free cash flow yield (calculated) | 2.2% |
| Dividend yield (calculated) | 0.6% |