The Board of Directors of General Electric Company (NYSE: GE) today raised the Company’s quarterly dividend 17% from $0.12 per outstanding share of the Company’s common stock to $0.14 per outstanding share of the Company's common stock. The Board declared that the dividend is payable January 25, 2011 to shareowners of record at the close of business on December 27, 2010. The ex-dividend date is December 22, 2010.
“We are able to increase the GE dividend for the second time this year because of continued strong cash generation, accelerated recovery at GE Capital and solid underlying performance in our Industrial businesses through year-end 2010,” GE CEO Jeff Immelt said. “In addition, the Company plans to continue capitalizing on complementary and financially attractive inorganic growth opportunities, opportunistic share repurchases and investing in innovation as part of our thoughtful capital-allocation efforts.”
“We are able to increase the GE dividend for the second time this year because of continued strong cash generation, accelerated recovery at GE Capital and solid underlying performance in our Industrial businesses through year-end 2010,” GE CEO Jeff Immelt said. “In addition, the Company plans to continue capitalizing on complementary and financially attractive inorganic growth opportunities, opportunistic share repurchases and investing in innovation as part of our thoughtful capital-allocation efforts.”
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