General Electric Company  (GE)
Other Ticker:  

 GE $154.4300 $-3.2500 -2.06%

 Volume (M): 154   Open : 157.07    52 Wk Avg :  121.10

 GE $154.4300 $-3.2500 -2.06%

 Volume (M): 154   Open : 157.07    52 Wk Avg :  121.10

GE Today's High: $156.925 GE Shares One Week Perf: -1.34 %
GE Today's Low: $ 155.84 GE Shares 30 Day Performance: -7.28 %
Number of GE Shares Traded (M): 154 GE Share Price 52 Wk High: $ 179.97
Value of GE's Shares Traded (M$): $ 24,030 GE Share Price 52 Wk Avg: $121.10
Share Price at the Open: $157.07 GE's Share Price 52 Wk Low: $93.81

  News about General Electric Company's Stock Splits and Dividends

GE Board Approves Spin-Off of GE Vernova and GE Aerospace: A Pivotal Transformation for General Electric

On April 2, 2024, General Electric (GE) will witness a historic moment as it launches its highly anticipated spin-offs, GE Vernova and GE Aerospace, following the approval from its Board of Directors. This momentous decision signifies the completion of GE's transformation and presents exciting prospects for the company's future direction. In light of recent developments, it is essential to analyze the context in which this announcement unfolds by considering the dividend impact and shareholders' ranking, as well as the current market conditions.
Contextualizing the Announcement:
On September 8, 2023, General Electric had previously announced its regular dividend and its impact on shareholders while highlighting its position in the consumer discretionary sector. With 1,098.8038277512 million shares outstanding and a current price of $156.83, GE had envisioned a prosperous future. However, this recent spin-off decision takes the company's transformation to a new level, signaling its strategic focus on market expansion and differentiation.

General Electric's Dividend Growth: A Sign of Promising Returns

GE's recent press release announced the authorization of a regular quarterly dividend of $0.08 per share on its outstanding common stock, payable on January 25, 2024. The company's Board of Directors declared this dividend, highlighting their commitment to returning value to shareholders. With an ex-dividend date of December 27, 2023, shareholders of record at the close of business on December 28, 2023, will be eligible to receive the dividend.
Assessing the impact of these facts on the company shares, it is crucial to consider General Electric's improving financial performance. The increase in earnings per share in the third quarter of 2023 resulted in a sequential decrease of the 12 Months dividend payout ratio to 3.58%. This news is encouraging as it signifies the company's ability to generate higher earnings while maintaining a lower payout ratio compared to its historical average.


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