GE to Increase Dividends; Extend Buy Backs (GE)

GE to Increase Dividends; Extend Buy Backs (GE)

RSS

On Friday, technology company, General Electric Company(GE) reported that they will be increasing their dividend, and extending their share buy back program.

GE announced that they will be increasing their quarterly dividend by 2 cents from 17 cents per share to 19 cents per share. This dividend will be paid on January 25 to shareholders of record on December 24. The stock will go ex-dividend on December 20.

Additionally, the company reported that they have increased their share buy back program by $10 billion, which will run through 2015. The plan was previously expected to end at the end of 2013.

General Electric shares were mostly flat during Friday morning trading. The stock is up 20% YTD.

The Bottom Line
Shares of General Electric (GE) will now have a 3.52% dividend yield, based on the higher dividend payout and last night’s closing stock price of $21.62. The stock has technical support in the $19 price area. If the shares can firm up, we see overhead resistance around the $23 price level.

General Electric Company(GE) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today