General Electric Company (GE) announced today that its board of directors has approved a 4.5% increase to its quarterly cash dividend from $0.22 to $0.23 per share. The new dividend will be payable January 26th, 2015 to shareholders on record at th close of business on December 22, 2014. The ex-dividend date is December 18, 2014. “We are pleased to increase GE’s quarterly dividend for the seventh time in five years,” said GE Chairman and CEO Jeff Immelt. “Returning cash to shareowners remains our top priority, while we continue to invest in long-term growth. Alongside our strong operational outlook, today’s announcement reflects our balanced and disciplined approach to capital allocation.”
The increase results in annual dividend of $0.92 per share. My portfolio consists of 75 shares of GE and increases my annual dividend from $66 to $69, an increase of $3 annually.