General Electric (GE) Raises Quarterly Dividend 4.3% to $.24; 3.1% Yield

General Electric (NYSE: GE) declared a quarterly dividend of $.24 per share, or $0.96 annualized. This is a 4.3% increase from the prior dividend of $.23.

The dividend will be payable on January 25, 2017, to stockholders of record on December 27, 2016, with an ex-dividend date of December 22, 2016.

The annual yield on the dividend is 3.1 percent.

“GE has continued to deliver for our shareholders in 2016,” said GE Chairman and CEO Jeff Immelt. “We have a disciplined capital allocation strategy with a plan to return approximately $30 billion of cash to shareholders this year. This dividend increase is in line with our multi-year capital allocation framework to have a dividend payout ratio of 45-50% and then grow the dividend in line with earnings. We are positioned for long-term transformational growth across our Digital Industrial businesses.”

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

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