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.
Already a subscriber? Login to continue reading...
Get the Rest of the Story!
State House News Service subscribers include media outlets, corporations, non-profits and law offices of every size. You may request a free 21-day trial of the News Service for your company by submitting the form below.
Note to political campaigns: We do not accept trial requests from campaigns from June 24 through Election Day. However, we would be happy to start a pre-paid subscription for your campaign (except for constitutional offices, congressional offices and statewide campaigns) at a deeply-discounted rate of $22/week, paid through the election. Simply email Virginia Cummings to set up this subscription; she'll send you further instructions.
If you are already a subscriber and need access to SHNS, please send an email to firstname.lastname@example.org or call 617-722-2439.