Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  General Electric Company    GE

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

General Electric Company : GE Board of Directors Approves 12% Increase in Quarterly Dividend and Increases Existing Share-Repurchase Authorization by $10B

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/14/2012 | 04:45pm CEST

The Board of Directors of General Electric Company (NYSE: GE) today raised the Company's quarterly dividend by 12%, or $0.02 per outstanding share of the Company's common stock, to $0.19 per outstanding share of the Company's common stock. The Board declared that the dividend is payable January 25, 2013 to shareowners of record at the close of business on December 24, 2012. The ex-dividend date is December 20, 2012.

In addition, the Board increased the existing share-repurchase authorization by $10 billion and extended the repurchase plan through 2015, which otherwise would have expired on December 31, 2013. As of the end of the third quarter of 2012, the plan had approximately $4.9 billion in remaining authorization.

"We are pleased to increase GE's quarterly dividend for the fifth time in three years," GE Chairman and CEO Jeff Immelt said. "In addition to investing in long-term growth, returning cash to our shareholders remains a top priority. Coupled with our strong operational outlook, today's announcement underscores our balanced and disciplined approach to capital allocation."

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

Caution Concerning Forward-Looking Statements:

This document contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; potential market disruptions or other impacts arising in the United States or Europe from developments in the European sovereign debt situation; the impact of conditions in the financial and credit markets on the availability and cost of General Electric Capital Corporation's (GECC) funding and on our ability to reduce GECC's asset levels as planned; the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults; changes in Japanese consumer behavior that may affect our estimates of liability for excess interest refund claims (GE Money Japan); pending and future mortgage securitization claims and litigation in connection with WMC, which may affect our estimates of liability, including possible loss estimates; our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so; the adequacy of our cash flow and earnings and other conditions which may affect our ability to pay our quarterly dividend at the planned level; GECC's ability to pay dividends to GE at the planned level; our ability to convert pre-order commitments into orders; the level of demand and financial performance of the major industries we serve, including, without limitation, air and rail transportation, energy generation, real estate and healthcare; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services regulation; strategic actions, including acquisitions, joint ventures and dispositions and our success in completing announced transactions and integrating acquired businesses; the impact of potential information technology or data security breaches; and numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

This document may also contain non-GAAP financial information. Management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of our financial performance, identifying trends in our results and providing meaningful period-to-period comparisons. For a reconciliation of non-GAAP measures presented in this document, see the accompanying supplemental information posted to the investor relations section of our website at www.ge.com.

In this document, "GE" refers to the Industrial businesses of the Company including GECC on an equity basis. "GE (ex. GECC)" and/or "Industrial" refer to GE excluding Financial Services.

GE
Investors:
Trevor Schauenberg, 203-373-2424
trevor.a.schauenberg@ge.com
or
Media:
Seth Martin, 203-572-3567 (cell)
seth.martin@ge.com


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL ELECTRIC COMPANY
03:32p HORIZON DISCOVERY : British biotech Horizon buys General Electric`s gene tech bu..
02:18p GENERAL ELECTRIC : Indonesia Power Awards GE, Marubeni and Hutama Karya Consorti..
01:37p GENERAL ELECTRIC : MILITARY $409 Million Federal Contract Awarded to General Ele..
01:36p GENERAL ELECTRIC : MILITARY $248,000 Federal Contract Awarded to General Electri..
01:15pDJGE EARNINGS : What to Watch
12:47p GENERAL ELECTRIC : CONTRACT AWARD - Global Console Upgrade
08:23a GENERAL ELECTRIC : Egyptian National Railways plans to develop the facility in 3..
07/19 GENERAL ELECTRIC : GE Healthcare Acquires Novia Strategies to expand Clinical Co..
07/19 GENERAL ELECTRIC : Boston Mayoral Candidate Rips GE Deal
07/19 GENERAL ELECTRIC : Modification/Amendment - multiple sole-source General Electri..
More news
News from SeekingAlpha
08:35a GE EARNINGS : Immelt's last chance
07/19 General Electric Just Popped 3%. What's Up?
07/19 WALL STREET BREAKFAST : More Record Highs For Equities?
07/19 Tesla Investors Swallow The Blue Pill
07/18 AT&T Hits 52 Week Low, Buyer Beware?
Financials ($)
Sales 2017 125 313 M
EBIT 2017 17 272 M
Net income 2017 12 696 M
Debt 2017 78 141 M
Yield 2017 3,57%
P/E ratio 2017 18,75
P/E ratio 2018 15,69
EV / Sales 2017 2,49x
EV / Sales 2018 2,18x
Capitalization 233 946 M
Chart GENERAL ELECTRIC COMPANY
Duration : Period :
General Electric Company Technical Analysis Chart | GE | US3696041033 | 4-Traders
Technical analysis trends GENERAL ELECTRIC COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 31,0 $
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Jeffrey R. Immelt Chairman & Chief Executive Officer
Daniel Janki Treasurer & Senior VP-Global Operations
Jeffrey S. Bornstein Vice Chairman & Chief Financial Officer
Jim Fowler Chief Information Officer
Victor Abate Chief Technology Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL ELECTRIC COMPANY-14.91%233 946
3M18.78%126 675
SIEMENS-0.17%114 043
HONEYWELL INTERNATIONAL16.69%103 792
DUPONT16.28%74 001
ILLINOIS TOOL WORKS INC.19.75%51 016