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The US industrial group General Electric Co. (ISIN: US3696041033, NYSE: GE) wants to reduce the dividend from 12 cents per quarter to only 1 US dollar per quarter, as announced Tuesday.
Extrapolated year round, shareholders will receive only 0.04 US dollar instead of US $ 0.48. The current dividend yielded a current price of US $ 11.16 (as of October 29, 2018) of 0.36%. In November 2017, General Electric announced a halving of the dividend. The long-established Fairfield, Connecticut company has paid a dividend to its shareholders every quarter for more than 100 years (1899).
Siemens competitor announced Tuesday for the third quarter of fiscal 2018 a turnover of $ 29.573 billion (previous year: $ 30.662 billion). Analysts expected a turnover of 29.92 billion dollars. Adjusted earnings per share was $ 0.14 ($ 0.21 last year), 6 cents lower than expected.
Since the beginning of 2018, the Wall Street stock has returned 36.05% and the current market capitalization is $ 97 billion (as of October 29, 2018). On June 26, 2018, the company was replaced in the Dow Jones Index by the Walgreens Boots Alliance chain of pharmacies and drugstores.
Editorial Office MyDividends.de
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