General Electric Company Message Board
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Any hints of a dividend increase?
Although it has only been two quarters since the last dividend increase it seems as if GE is increasing their dividend twice a year until we recover a lot of the dividend that was lost when it was trimmed a few years ago.
Has anybody heard any comments? Dividend declaration should be coming up in the next two weeks.
My prediction would be a jump to $0.19 quarterly, but obviously it is still open at this point.-
DONT BE DUMB BUY ARR!!!!!!!!!
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Any dividend increase will be offset by the expiration of the Bush tax cuts. obama will see to it.
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Some discussion Thursday on CNBC was that the dividend would most likely be increased to 4%, with the rest used for share buybacks. No one mentioned anything about a special dividend being paid out. This is hardly official though. That job belongs to the board of directors. I'd like to see a 5 or 6% dividend to encourage some buying of the stock.
- 2 Replies to lagunadan92677
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or they could do a 'special dividend' in that they do not raise the regular dividend but do a one shot extra one.
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I think they want to go back to the old pattern of regular dividend increases once a year that are highly predictable to investors.
They did that for 38 straight years before the cut. With increase announced in Q4 payable in Jan payout.
I'll take a few cents now but I would also be willing to wait to Q4 as there is some advantage to transparent, predictable, timely financial reporting including dividend setting.
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The declaration is due NOW. The 1stQ declaration was 2/10. If you add 13wks. you would get Fri, May11. With the market dropping and GE staying steady maybe someone thinks you are correct, that GE raises its divvy. I think 20c is a nice round number so L'll make 20c my guess. Good luck longs, FOXY
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Most like the divi will remain the same.
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My cost is at 10.74ps(6.33%). To me, its worth holding in case GE finally breaks loose. The next significant drop I'll add more for trading purposes.
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A feeling that many of my fellow GE investor friends have is that the normal dividend increase will be 2 to 3 cents per quarter. But, the GE Capital contribution will boost that total to 7 cents per quarter to a new quarterly dividend of $0.24, or annual dividend of $0.96 by year end. This probably will occur in two separate board declarations. Any other opinions?
- 1 Reply to richmondinvestor
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I agree, my thinking is .25 per quarter a buck for the year, would be no sweat sans using the money for bigger share buy backs........
God bless all................
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