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.
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.
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.
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
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?