FAIRFIELD, Conn.--(BUSINESS WIRE)--The Board of Directors of General Electric Company (NYSE: GE) today raised the Company’s quarterly dividend $0.02 from $0.15 per outstanding share of the Company’s common stock to $0.17 per outstanding share of the Company’s common stock. The Board declared that the dividend is payable January 25, 2012 to shareowners of record at the close of business on December 27, 2011. The ex-dividend date is December 22, 2011.
“We are pleased to increase GE’s quarterly dividend for the fourth time in two years as our financial performance continues to accelerate,” GE Chairman and CEO Jeff Immelt said. “Our balanced and disciplined capital allocation plan has enabled us to achieve important goals including increasing dividends, redeeming the preferred stock held by Berkshire Hathaway, redeploying our NBCU capital to high growth energy acquisitions and investing in organic growth platforms. We believe that the GE business model will continue to deliver strong earnings and cash flow growth going forward.”
About GE
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
Caution Concerning Forward-Looking Statements:
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