GE Lifts Dividend by 12%, Widens Buyback Program By $10B |
Fox Business - Dec 14, 2012 |
General Electric (GE) raised its quarterly dividend by 12%, to 19 cents a share, on Friday and said it is authorized to increase its existing stock buyback program by $10 billion.
The dividend, which is 2 cents higher than the last quarterly payout, will be payable on Jan. 25 to shareholders of record on Dec. 24.
“We are pleased to increase GE’s quarterly dividend for the fifth time in three years,” GE CEO Jeff Immelt said.
The Fairfield, CT.-based maker of aircraft engines and power generators also raised its stock repurchase program and extended the program through 2015, which otherwise would have expired at the end of 2013.
At the end of the third quarter, GE had about $4.9 billion remaining on the previous authorization.
Read more: http://www.foxbusiness.com/investing/2012/12/14/ge-ups-dividend-increases-buyback-program/#ixzz2F3K9f6bT
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- Posted: 2012-12-14 13:34:28
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