General Electric Slashes Dividend in Half: 3 Reasons It's Not All Bad News
Well, the hammer finally dropped. General Electric (NYSE: GE) has cut its dividend by 50%, from $0.24 per share to $0.12. And the percentage isn't the only thing that's huge about the news.
This is the second time in a decade that GE has cut its dividend... and also only the second time since the Great Depression. That has to make current investors concerned, particularly since GE's rivals Honeywell and United Technologies haven't had to cut their dividends since the 1990s.
But in the wake of a collapsing share price and declining earnings, a dividend cut may actually be a good thing for General Electric. Here's why.
Source: Fool.com
General Electric Co. Stock
€147.00
-0.680%
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With a target price of 162 € there is a slightly positive potential of 10.2% for General Electric Co. compared to the current price of 147.0 €.
