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Lam Research to buy back up to $2 billion in stock, hikes dividend

“LRCX, -0.28% on Tuesday said it will buy back up to $2 billion in shares over the next 12 to 18 months” writes Markets Reporter for marketwatch.com. Its board also approved raising the quarterly dividend by 11% to 50 cents a share.The dividend will be paid on Jan. 10 to shareholders of record on Dec. 6. Source: marketwatch.com Share This:

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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 Share This:

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History suggests GE’s massive dividend cut may not be so bad for the stock in the long term

“But if recent history is any indication, the cut may not spell doom for GE shares” writes unknown author for cnbc.com. While it’s been a tough year for General Electric shareholders, Matt Maley of Miller Tabak says the dividend cut is not the final nail in the coffin for the stock.GE shares broke below $18 for the first time since December 2011 on Tuesday, as the stock’s electric slide continued for the second-straight session.The ailing behemoth saw its shares slide as much as 7 percent on Monday, for its worst…

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GE shares break below $18 as two-day loss reaches 13%; Wall Street expects more bad news

“Dray reduced his price target for General Electric shares to $20 from $25, representing 5 percent upside to Monday’s close” writes Akos Stiller for cnbc.com. Inch reiterated his sell rating and $18 price target for General Electric shares.General Electric stock is significantly underperforming the market this year.RBC Capital Markets lowered its rating to sector perform from outperform for General Electric shares, saying the company did not present a credible plan to fix its businesses. Source: cnbc.com Share This:

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Greece to distribute 1.4 billion euros to citizens hit by austerity

“Greece will distribute 1.4 billion euros as a social dividend to pensioners and others hit hard by the country’s austerity programmes, Prime Minister Alexis Tsipras said on Monday” writes unknown author for cnbc.com. “For a second year, we are in a position to distribute a social dividend to the people who need it the most. Last year, Tsipras unexpectedly announced that the state would pay out about 600 million euros to low-income pensioners, a move that angered the country’s international lenders.Tsipras came to power in 2015 promising to end austerity…

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Wall Street ticks up, GE drops after slashing dividend

“Utilities .SPLRCU and consumer staples .SPLRCS rank among the sectors with the highest dividend yield on the S&P 500” reports foxbusiness.com. General Electric (GE) slashed its dividend by 50 percent and cut its profit forecast while unveiling a plan that narrowed its focus on aviation, power and healthcare. About 6.18 billion shares changed hands in U.S. exchanges, fewer than the 6.67 billion daily average over the last 20 sessions. Source: foxbusiness.com Share This:

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5 Safe Haven Dividend Plays

“Meanwhile, Illinois Tool, Ingersoll-Rand, and Honeywell also have conservative payout ratios that offer room for dividend increases, per Barron’s” writes Mark Kolakowski for investopedia.com. The Barron’s story screened for U.S. industrial companies with dividend yields of at least 2%, market caps of at least $15 billion, and dividend payout ratios under 50%.The estimated 2018 dividend increases in the table above would represent increases to the dividend rates. Source: investopedia.com Share This:

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GE’s dividend cut is the largest ever by a US company outside of the financial crisis

“It’s the eighth-largest dividend cut in the history of the S&P 500 by dollar value: That means GE’s most recent cut would be the biggest cut of all time on a dollar basis outside the financial crisis, according to S&P Global data” writes unknown author for cnbc.com. You have to go to Kinder Morgan, which cut its dividend by $3.4 billion in December 2015, and ConocoPhillips, which cut the dividend $2.5 billion in February 2016, to find dividend cuts around this size outside the financial crisis.Through Friday, 310 companies in…

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GE cuts dividend before it lays out company’s future

“General Electric Co. is expected to announce further plans, including a potential reshaping of the company’s health, aviation, lighting and transportation units” reports foxbusiness.com. GE’s quarterly dividend is being cut to 12 cents per share, from 24 cents, starting next month, the company said Monday.Flannery says cost-cutting maneuver is part of the measures GE will undertake to make the company simpler and stronger.General Electric slashed its dividend in half as investors gathering in Boston, where Chairman and CEO John Flannery is expected to lay out a significant retooling of the…

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