GENERAL ELECTRIC CUTS QUARTERLY DIVIDEND
General Electric, which made a big splash with its decision to relocate its headquarters to Boston from Connecticut, slashed its quarterly dividend in half, the company announced Monday.
"We understand the importance of this decision to our shareowners and we have not made it lightly. We are focused on driving total shareholder return and believe this is the right decision to align our dividend payout to cash flow generation," John Flannery, chairman and CEO of GE, said in a statement released prior to a 9 a.m. update for GE investors.
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