General Electric (GE) Declares $0.19 Quarterly Dividend; 3.3% Yield

February 15, 2013 11:57 AM EST
General Electric (NYSE: GE) declared a quarterly dividend of $0.19 per share, or $0.76 annualized.

The dividend will be payable on April 25, 2013, to stockholders of record on February 25, 2013, with an ex-dividend date of February 21, 2013.

The annual yield on the dividend is 3.3 percent.

In December, General Electric raised its dividend from $0.17 per share to $0.19.

With the recent sale of its remaining 49% of NBCUniversal to Comcast for $18.1 billion, GE raised its share repurchase authority to $35 billion, with approximately $23 billion of authorization remaining as of today. With this authorization, GE plans to accelerate its share repurchase program to approximately $10 billion in 2013. Dividend investors were slighted however. Despite the flood of cash, GE said it will continue grow the dividends in line with earnings.

For a dividend history and other dividend-related data on General Electric (GE) click here.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Related Entities

Dividend, Stock Buyback, Earnings

Add Your Comment