GE Set to Receive $6.5 Billion in Dividends From GE Capital This Year

General Electric  (NYSE: GE  )  announced today it is poised to receive some $6.5 billion this year in dividends from its financial services arm, GE Capital Corp. It already paid $447 million in first-quarter earnings dividends to GE on April 19. Earnings-dividend payments are planned at 30% of GECC's total 2013 earnings and the yearly payment will include $4.5 billion in a special dividend.

GE Chairman and CEO Jeff Immelt said: "This announcement is consistent with our goal to reduce the overall size of GE Capital and for it to return significant cash to GE."

GECC grew its earnings 9% during the first quarter while ending net investment (excluding cash and equivalents) declined 7% to $402 billion. GECC ended the quarter with $68 billion in cash, and its Tier 1 common ratio under Basel 1 improved by 65 basis points to 11.1%.

General Electric plans to return $18 billion to shareholders in 2013, including the repurchase of $10 billion of stock. Its regular dividend of $0.19 per share annualizes to a rate of $0.76 per share, yielding 3.2% based on the closing price of its stock on May 17.

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  • Report this Comment On May 20, 2013, at 6:50 PM, RenoNV wrote:

    where is GE's quarterly ex dividend date? and how much are they paying. it appears 5-21 is the ex date, but I cannot find this quarter's ex date either on Scottrade or Scwab? with the huge dividends they get this year from their financial unit, maybe they will increase their dividend before Dec of this year, and maybe issue a special dividend to stock holders. I bought alot of shares today.

  • Report this Comment On May 21, 2013, at 11:34 AM, TMFKris wrote:

    @RenoNV, here is a link to the Feb. 15, 2013, GE press release announcing the $0.19-per-share dividend payable on April 25, 2013, with a record date of Feb. 25, 2013, and ex-dividend date of Feb. 21, 2013.

    http://www.genewscenter.com/Press-Releases/GE-BOARD-OF-DIREC...

    and a link to the GE investor relations dividend page

    http://www.ge.com/investor-relations/stock-information

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