GE Raises Dividend, Expands Share Buybacks

GE (NYSE: GE  ) has increased its quarterly dividend, the company announced today in an official press release. The payout will increase by $0.02, to $0.19 per share of common stock. It is payable to shareholders of record as of December 24, and will be paid on January 25.

GE's board also authorized an expansion of the size and time frame of the company's stock repurchase program. According to the release, $10 billion more has been approved for buybacks, and the program will run through 2015. Its previous deadline was end-year 2013, and it had around $4.9 billion in remaining authorization.

The dividend increase marks the third time in five years that the company has lifted its quarterly payout.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2155874, ~/Articles/ArticleHandler.aspx, 9/17/2014 12:02:33 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement