Posted on 11/13/2017 7:17:40 PM PST by BenLurkin
GE had been one of the biggest dividend payers in the United States, behind giants like ExxonMobil (XOM), Apple (AAPL, Tech30) and Microsoft (MSFT, Tech30).
By cutting the dividend in half, GE will save more than $4 billion per year. That makes it one of the largest dividend cuts in the history of the S&P 500 and the biggest since 2009, according to S&P Dow Jones Indices. GE made an even bigger dividend cut in 2009, during the Great Recession. But dividend cuts are rare these days.
Many companies are increasing them because the U.S. economy is healthy and the stock market is booming.
(Excerpt) Read more at money.cnn.com ...
Thank you Jeff Immelt you blinking loser for screwing up one of the great American industrial companies. They should cut your pension in half too.
My father worked for GE 35 years
Still have lot of their stock
Sad.....
Probably - I remember him coming out a number of years agho and touting GE and claiming he had all his investments in it and promised we should all do that too - shortly after that it became obvious GE was being touted to hide problems...
I wish to do so; where for example could I find a used commercial grade deep freeze?
Been watching GE on a death spiral for months in the stock market. This will drive their stock down more as income investors bail out on the stock. Expect to see it drop to $10 or below soon.
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