General Electric Companys (GE – Free Report) board of directors recently approved a quarterly cash dividend of 1 cent per share. The dividend rate is nearly 91.7% lower than the previous rate of 12 cents per share.
The company stated that the new dividend will be paid on Jan 25, 2019, to shareholders of record on Dec 20, 2018. General Electrics ex-dividend date payment date is Dec 19, 2018.
Concurrent with the third-quarter earnings release (on Oct 30, 2018), General Electric had communicated about its intention to trim the quarterly dividend rate to a penny, in sync with its ongoing business portfolio-restructuring program.
Prior to this, on Nov 13, 2017, General Electric had slashed its quarterly dividend payout by…
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