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

February 15, 2013 11:57 AM EST Send to a Friend
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.

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