GE HealthCare dividend
MyStockButler's October 2026 analysis: GE HealthCare's declared quarterly dividend is $0.04, producing $0.16 through October 2027. The 2025 free cash flow of $1,505 million covered it, but first-half 2026 free cash flow was only $180 million.
How much does GE HealthCare pay in dividends?
Dividends add a small cash return. The declared quarterly rate is $0.04, producing $0.16 through October 2027. The base case rises to $0.18 in the next period and $0.20 in the final period. The bear case falls to $0.14 and then $0.12, while the bull case rises to $0.20 and then $0.24. The base is supported by $1,505 million of 2025 free cash flow, but first-half 2026 free cash flow was only $180 million.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 20,625 | 19,672 | 19,552 | 18,341 | 17,585 |
| EPS, diluted | 4.55 | 4.34 | 3.04 | 4.91 | |
| Dividend per share | 0.14 | 0.13 | 0.12 | 0.00 | 0.00 |
How much would GE HealthCare's dividend pay you?
$10,000 invested in GE HealthCare at its 0.2% dividend yield (our report of October 20, 2026) pays $20.00 in the first year, before tax. If its dividend stays flat and the dividends are reinvested, year 10 pays $20.36, with $201.81 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
Is GE HealthCare's dividend covered by its cash?
Operating cash flow was $1,987 million in 2025, against net income of $2,084 million. Capital spending of $482 million left $1,505 million of free cash flow. Free cash flow is operating cash after investment in factories, equipment and capitalized software, so it is the cash available for debt repayment, dividends, acquisitions or shareholder returns.
The allocation became more demanding in 2026. GE HealthCare used $300 million for first-half buybacks and borrowed $650 million under a term facility to help finance Intelerad. Buybacks reduce the number of shares sharing future earnings, but they also consume money that could repay debt, fund acquisitions or support pensions. The remaining question is whether the investments will produce durable cash after those obligations.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Free cash flow | 1,505 | 1,554 | 1,714 | 1,824 | 1,359 |
| − Dividends paid | 64 | 55 | 41 | 0 | 0 |
| − Share buybacks | 200 | 0 | 0 | 0 | 0 |
| = Free cash flow not paid out | 1,196 | 1,471 | 1,595 | 1,787 | 1,317 |
| Paid to shareholders | 264 | 55 | 41 | 0 | 0 |
| Paid out, % of free cash flow | 17.5% | 3.5% | 2.4% | 0.0% | 0.0% |
What this means. The “paid to minority owners” row is not a clean dividend payment because it also includes other accounting and currency movements, so it may overstate the cash actually paid to outside owners.
What could change GE HealthCare's dividend?
From 2027 onward, cash generation and debt will decide the pace of buybacks and dividend increases. Intelerad’s software retention, lower net debt and evidence of free-cash-flow conversion above 90% of adjusted net income would justify higher earnings confidence and a higher multiple.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Earnings | 2,311 (1,929 / 2,522) | 2,552 (1,900 / 2,922) | 2,802 (1,859 / 3,322) |
| Shares (millions) | 450 (453 / 450) | 450 (455 / 448) | 449 (456 / 446) |
| Dividends per share | 0.16 (0.16 / 0.16) | 0.18 (0.14 / 0.20) | 0.20 (0.12 / 0.24) |
| Price to earnings | 16.00 (13.50 / 19.00) | 16.50 (12.50 / 21.00) | 17.00 (12.00 / 22.00) |
What is GE HealthCare's dividend yield today?
GE HealthCare Technologies makes medical-imaging equipment, diagnostic products, and devices that help hospitals care for patients. At $70.24 on October 20, 2026, its shares look reasonable on earnings, but the real question is what future profits, cash, and margins that price already assumes.