Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

GE raises dividend, expands share buyback plan

Send a link to a friend

[December 15, 2012]  NEW YORK (AP) -- Industrial conglomerate General Electric is raising its quarterly dividend by 12 percent while extending and expanding its share repurchase plan.

The new quarterly dividend is 19 cents, up from 17 cents. The dividend will be paid on Jan. 25 to shareholders as of Dec. 24.

The board of Fairfield, Conn.-based General Electric Co. is also extending GE's stock buyback plan through 2015. It's authorizing up to $10 billion for additional shares. The plan had $4.9 billion available for repurchase at the end of the third quarter.

GE manufactures products such as jet engines and refrigerators and provides equipment and services to a growing roster of energy companies.

GE shares rose 2 cents to $21.64 in morning trading.

[Associated Press]

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

 

 

 

Civic

< Top Stories index

Back to top


 

News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor