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

Delayed Quote. Delayed  - 12/09 10:00:08 pm
31.78 USD   +0.79%
12/09DJGENERAL ELECTRI : GE Boosts Dividend 4.3%
12/09 GENERAL ELECTRI : Dividend Declaration
12/09 GE : Board of Directors Approves 4% Increase in Quarterly Dividend
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 CET
   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 ben.rubin@dowjones.com

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
12/10 GENERAL ELECTRIC : Federal Contracts Awarded by Federal Agencies in Oklahoma (De..
12/10 GENERAL ELECTRIC : MILITARY $3 Million Federal Contract Awarded to General Elect..
12/09DJGENERAL ELECTRIC : GE Boosts Dividend 4.3%
12/09 GENERAL ELECTRIC COMPANY : Dividend Declaration
12/09 GE : Board of Directors Approves 4% Increase in Quarterly Dividend
12/09 GENERAL ELECTRIC : GE's First Power Services Remote Monitoring and Diagnostics C..
12/09 GENERAL ELECTRIC : GE’s First Power Services Remote Monitoring and Diagnos..
12/09 GENERAL ELECTRIC : Lufthansa Technik and GE select Poland as joint venture site;..
12/09 GENERAL ELECTRIC : GE Aviation to Provide Flight Analytics Solution to ANA
12/09 GENERAL ELECTRIC : MILITARY $26,577 Federal Contract Awarded to G.E. Aviation
More news
Sector news : Industrial Conglomerates
12/09DJGEMALTO : to Buy 3M's Identity-Management Business
12/09 GEMALTO : 3M to sell identity management business to Gemalto
12/09DJGEMALTO : to Buy 3M's Identity-Management Business for $850 Million
12/08 DuPont CEO Breen says Trump win unlikely to impact Dow deal
12/01DJINTEGRATED MICRO ELECTRONICS : Plans EUR30 Million Factory In Serbia
More sector news : Industrial Conglomerates
News from SeekingAlpha
01:03a GENERAL ELECTRIC : The Good, The Bad And The Ugly Truth
12/10 General Electric's Dividend Increase Signals Progress For Income Investors
12/09 GE-Baker Hughes combo has potential but "a long-term game," Bernstein says
12/09 General Electric boosts dividend by a penny
12/09 GE And Tesla Motors, Cynically Promoting Renewable Snake-Oil
Advertisement
Financials ($)
Sales 2016 124 344 M
EBIT 2016 18 170 M
Net income 2016 12 511 M
Debt 2016 79 616 M
Yield 2016 2,97%
P/E ratio 2016 26,34
P/E ratio 2017 20,26
EV / Sales 2016 2,90x
EV / Sales 2017 2,52x
Capitalization 281 138 M
More Financials
Chart GENERAL ELECTRIC COMPANY
Duration : Period :
General Electric Company Technical Analysis Chart | GE | US3696041033 | 4-Traders
Full-screen chart
Technical analysis trends GENERAL ELECTRIC ...
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 32,7 $
Spread / Average Target 2,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey R. Immelt Chairman & Chief Executive Officer
Shane Fitzsimons Senior Vice President-Global Operations
Jeffrey S. Bornstein Chief Financial Officer & Senior Vice President
Jim Fowler Chief Information Officer
Victor Abate Chief Technology Officer & Senior Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL ELECTRIC COMPA..1.22%281 138
3M CO18.49%107 356
SIEMENS AG27.61%102 933
HONEYWELL INTERNATIONA..12.22%88 582
E I DU PONT DE NEMOURS..12.39%65 070
ILLINOIS TOOL WORKS IN..36.79%44 585
More Results