General Electric (GE) to Cut its Dividend by 50%

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Go back to General Electric (GE) to Cut its Dividend by 50%

GE Plans to Reduce Quarterly Dividend in Conjunction with Revised Capital Allocation Framework

November 13, 2017 6:30 AM EST

BOSTON--(BUSINESS WIRE)-- GE (NYSE: GE) today announced that its Board of Directors has determined to set the Companys quarterly dividend to a projected payout of $.12 per outstanding share of the Company's stock. This represents a 50% reduction from the current quarterly dividend of $.24. This change will be effective beginning with the Boards next dividend declaration, which is expected to occur in December.

We understand the importance of this decision to our shareowners and we have not made it lightly. We are focused on driving total shareholder return and believe... More