7 Reasons General Electric Company Might Cut Its Dividend
Ever since General Electric Company's (NYSE: GE) tumultuous third-quarter earnings report, there has been one overriding question on dividend investors' minds: Will the company cut its dividend? I happen to think there is a good chance that new CEO John Flannery will make the cut -- here's why.
General Electric might decide to cut its dividend. Image source: Getty Images.
Flannery's comments on the recent earnings call suggested that cutting the dividend was an option. While it's true that he described the dividend as "a priority in our capital allocation framework" he also talked of a "balance of growth investment and dividend payout."
Source: Fool.com
General Electric Co. Stock
€147.50
-0.340%
With 35 Buy predictions and not a single Sell prediction General Electric Co. is an absolute favorite of our community.
With a target price of 162 € there is a slightly positive potential of 9.83% for General Electric Co. compared to the current price of 147.5 €.
