GE slashes quarterly dividend
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The logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico, on May 12, 2017. REUTERS/Daniel Becerril
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Price: $313.83 +0.59%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.6%
Revenue Growth %: +13.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.6%
Revenue Growth %: +13.4%
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(Reuters) - General Electric Co (NYSE: GE) said on Monday it would halve its quarterly dividend to 12 cents per share.
This is the third time in its history that the 125-year-old industrial conglomerate has cut its dividend.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty)
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