Source: MarketWatch

GE: GE to keep its quarterly dividend at a penny a share

General Electric Co. said Friday it will pay a quarterly dividend of a penny a share, which means the industrial conglomerate will be keeping it at that lowered rate for over a year. The dividend will be payable Jan. 27 to shareholders of record on Dec. 23. GE's stock was up 2.0% in afternoon trading. At current prices, the stock's dividend yield is 0.36%, compared with the yield for the SPDR Industrial Select Sector ETF of 1.94% and the implied yield for the S&P 500 of 1.89%, according to FactSet. GE had slashed its dividend to a penny per share from 12 cents last year in an effort to preserve cash. That first 1-cent dividend was paid out on Jan. 25, 2019 to shareholders of record Dec. 20, 2018. GE's stock has run up 55.8% over the past 12 months, while the industrial ETF has gained 16.1% and the S&P 500 has advanced 16.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Based on data from GE's latest SEC filings

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Based on data from GE's latest SEC filings

Employees

H. Lawrence Culp's photo - Chairman & CEO of GE

Chairman & CEO

H. Lawrence Culp

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70/100

GE is an industrial conglomerate that operates in aviation, power generation, healthcare, renewable energy, transportati... Read more