Become a Patron


Subscribe on
iTunes    Android
YouTube    RSS

GE Makes it Official, Lowers Dividend to a Penny

It’s second dividend cut announcement this year for the beleaguered company.

by Michael Sheetz
CNBC.com

General Electric made its painful dividend cut official on Friday, with the company’s board of directors authorizing the payout to be cut to just a penny a share.

GE first announced in late October it would be slashing the quarterly dividend to 1 cent a share, the second dividend cut announcement this year for the beleaguered company, which was once treasured by regular shareholders for its payout. That decision is one of the many reasons the stock is down by nearly 60 percent this year.

Continue Reading at CNBC.com…

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

  

  

  

Time limit is exhausted. Please reload the CAPTCHA.