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
04/29 GENERAL ELECTRIC : MILITARY $670.74 Million Federal Contract Awarded to General ..
04/29 GENERAL ELECTRIC : MILITARY $3.46 Million Federal Contract Awarded to General El..
04/29 GENERAL ELECTRIC : MILITARY $28,521 Federal Contract Awarded to G.E. Aviation
04/29 FANGS : the lightning rise of Facebook, Amazon, Netflix and Google
04/29 GENERAL ELECTRIC WINS $670 MILLION A : Pentagon
04/28 GENERAL ELECTRIC : U.S. Patents Awarded to Inventors in South Carolina (April 28..
04/28 GENERAL ELECTRIC : Georgetown University School of Foreign Service - Discussion
04/28 GENERAL MOTORS FINANCIAL COMPANY, IN : GE) Files An 8-K Regulation FD Disclosure
04/28 GENERAL ELECTRIC : President Akufo-Addo breaks ground for 400MW power plant
04/28 GENERAL ELECTRIC : MILITARY $139,288 Federal Contract Awarded to G.E. Aviation
More news
Sector news : Industrial Conglomerates
04/28 Foxconn plans 'capital-intensive' U.S. investment-Chairman Gou
04/28DJHoneywell Pressed to Spin Out Aerospace -- WSJ
04/28DJHONEYWELL INTERNATIONAL : Correction to Third Point Calls for Honeywell to Spin ..
04/27 Third Point wants Honeywell to spin off aerospace
04/27DJThird Point Calls for Honeywell to Spin Off Aerospace Unit--Update
More sector news : Industrial Conglomerates
News from SeekingAlpha
03:24a Composites Are Driving Power Of Boeing 777X Efficiency
04/28 GE : About That Little Cash Flow Problem...
04/28 GENERAL ELECTRIC : Buy The Drop
04/27 My Dividend Growth Portfolio - Q1 2017 Summary
04/27 General Electric (GE) Investor Presentation - Slideshow
Advertisement
Financials ($)
Sales 2017 125 354 M
EBIT 2017 18 202 M
Net income 2017 12 797 M
Debt 2017 19 305 M
Yield 2017 3,33%
P/E ratio 2017 19,59
P/E ratio 2018 16,23
EV / Sales 2017 2,17x
EV / Sales 2018 2,09x
Capitalization 252 466 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
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 32,6 $
Spread / Average Target 12%
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..-8.26%252 466
SIEMENS AG12.67%121 851
3M CO9.67%117 027
HONEYWELL INTERNATIONA..13.20%99 973
E I DU PONT DE NEMOURS..8.65%69 146
ILLINOIS TOOL WORKS IN..12.76%47 733
More Results