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 Boosts Buyback Program by $10 Billion, Raises Dividend 12%

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/14/2012 | 05:21pm CEST
   By Ben Fox Rubin 
 

General Electric Co. (GE) boosted its share-repurchase program by $10 billion and boosted its dividend by 12% as the industrial conglomerate looks to bolster shareholder value.

"In addition to investing in long-term growth, returning cash to our shareholders remains a top priority," GE Chairman and CEO Jeff Immelt said. "Coupled with our strong operational outlook, today's announcement underscores our balanced and disciplined approach to capital allocation."

The buyback program, which had about $4.9 billion in remaining authorization at the end of its third quarter, was extended through 2015.

The quarterly dividend was raised to 19 cents from 17 cents, which should cost the company an additional $211 million a quarter. The annual yield is now about 3.5%.

GE last raised its dividend late last year, increasing the payout by two cents. The company has raised its dividend five times in three years after drastically cutting the payout in 2009 to 10 cents from 31 cents amid the recession.

The bellwether U.S. conglomerate is continuing the restructuring of its finance and industrial arms, and in July revealed that it will split its energy infrastructure business into three standalone operations.

In October, the company said its third-quarter earnings rose on improved profit margins at GE's industrial businesses, although total orders for new equipment and services slipped and overall revenue was short of Wall Street's forecasts.

Shares were flat at $21.62. The stock is up 21% so far this year.

Write to Ben Fox Rubin at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL ELECTRIC COMPANY
07:16p GENERAL ELECTRIC : Sharjah Ruler discusses scientific cooperation with General E..
10/21 Federal Contracts Awarded to Companies in Ohio (Oct. 21)
10/21 LOCKHEED MARTIN : Federal Contracts Awarded by Federal Agencies in Alabama (Oct...
10/21 GENERAL ELECTRIC : GE Healthcare Receives Carequality Certification, Advancing D..
10/21DJGENERAL ELECTRIC : GE Vows Changes As View Darkens -- WSJ
10/21 For GE and its shareholders, a lost decade and a half
10/20DJGENERAL ELECTRIC : New GE Chief Slashes Forecasts, Plans to Exit $20 Billion in ..
10/20DJGENERAL ELECTRIC : New GE Chief Slashes Forecasts, Plans to Exit $20 Billion in ..
10/20 GENERAL ELECTRIC COMPANY (LON : GEC) Files An 8-K Results of Operations and Fina..
10/20 GENERAL ELECTRIC COMPANY : GE files Form 8-K
More news
News from SeekingAlpha
12:30p A Bear On GE Reassesses
11:46a QUARTERLY REVIEW OF DIVGRO : Q3-2017
04:53a Friday GE Fiasco Exposes A Fluff Fueled Market
03:25a General Electric's 'Unacceptable' Q3 2017 Results
10/20 General Electric's (GE) CEO John Flannery on Q3 2017 Results - Earnings Call ..
Financials ($)
Sales 2017 125 B
EBIT 2017 15 781 M
Net income 2017 11 569 M
Debt 2017 69 599 M
Yield 2017 4,04%
P/E ratio 2017 18,53
P/E ratio 2018 15,72
EV / Sales 2017 2,21x
EV / Sales 2018 1,97x
Capitalization 206 B
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 27,1 $
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
John L. Flannery 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-24.59%206 319
3M22.78%132 077
SIEMENS1.24%116 080
HONEYWELL INTERNATIONAL23.97%110 549
ILLINOIS TOOL WORKS INC.25.33%53 353
JARDINE STRATEGIC HOLDINGS LIMITED30.60%48 319