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General Electric dividend may not be safe, even after 50% cut: JPMorgan

“GE cut its dividend by 50 percent to 12 cents a share on Monday, the largest dividend cut by a U.S. company outside of the financial crisis” writes Fred Imbert for cnbc.com. At current prices, GE’s yield under the new dividend (effective in December) would be 2.5 percent.General Electric’s dividend could still be in danger even after the industrial giant slashed it in half, an analyst at JPMorgan said Tuesday.Prior to Monday, GE had cut its dividend only twice since 1899.
 
Source: cnbc.com



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