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General Electric Company To Sell GE Capital Assets (GE)

Before Friday’s opening bell, General Electric Company (GE ) reported that it will sell the majority of its assets of GE Capital.

GE has confirmed that it will sell most assets of GE Capital for $26.5 billion. The company noted that the majority of the real estate assets will be purchased by Blackstone (BX) and Wells Fargo (WFC ). GE also reported that it has received letters of intent from buying interested in an additional $4 billion in assets.

The company said that it will have the potential to return $90 billion to shareholders in the form of dividends and share buy backs through 2018. The sale of GE Capital’s assets should provide the company with an extra $35 billion for dividend payouts.

The Bottom Line

Shares of GE were up $1.71, or 6.65% during premarket trading Friday. The stock is up 1.82% YTD.3

GE Dividend Snapshot

As of market close on April 9, 2015

T dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of GE dividends.

General Electric (GE ) is not recommended at this time, holding a 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.