General Electric (GE) Declares $0.24 Quarterly Dividend; 3.5% Yield

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Go back to General Electric (GE) Declares $0.24 Quarterly Dividend; 3.5% Yield

Cowen Reiterates Market Perform Rating & $30 PT on General Electric (GE); 'CEO Change Won't Drive Enduring Upward Re-Rating'

June 12, 2017 11:18 AM EDT

Cowen reiterates Market Perform rating and $30 price target on General Electric (NYSE: GE), following the company's announcement of a CEO change.

Analyst Gautam Khanna notes the retirement of former CEO Immelt will result in an up-ward rerating of the shares due to the SOTP... More

General Electric (GE) Names John Flannery as New Chairman and CEO, Replacing Jeff Immelt

June 12, 2017 6:31 AM EDT

GE (NYSE: GE) announced today that John Flannery, current President and CEO of GE Healthcare, has been named CEO of the company by the GE Board of Directors effective August 1, 2017 and Chairman and CEO effective January 1, 2018. Jeff Immelt, Chairman and CEO, will remain Chairman of the Board through his retirement from the company on December 31, 2017. In addition, Jeff Bornstein, current CFO, has also been promoted to Vice Chair of GE. Todays leadership announcements are the result of a succession plan that has been run by the GE Board of Directors since 2011.

Jack... More