|Bid||27.54 x 8700|
|Ask||27.55 x 33000|
|Day's Range||27.50 - 27.79|
|52 Week Range||27.10 - 33.00|
|PE Ratio (TTM)||28.07|
|Dividend & Yield||0.96 (3.48%)|
|1y Target Est||N/A|
Shares of Whole Foods were move lower on the news during after-hours trading on Friday.
In response to some growing concerns about the strength of General Electric's (GE) dividend, Morningstar analyst Barbara Novorini took a look and happily reports this week that it looks secure. First, she dispenses with concerns that GE's industrial business is eating up a lot of cash. This, combined with an additional $1 billion of structural cost outs and better working capital management gives us line of sight to industrial free cash flow in 2017 just over $9 billion, enough to cover approximately $8 billion of common stock dividends without help from GE Capital.
Federal Reserve Bank of Cleveland President Loretta Mester said that there is no 'immediate need' to tighten policy.