General Electric Dividend Increase

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.”

  GE

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.

15 thoughts on “General Electric Dividend Increase

  1. I must say that I was completely disappointed when I saw the dividend increase. I guess I expected an increase that would be in line with all the hype that Immelt has issued throughout the last year. Last year, GE bumped the dividend by .03 and now this year, the bump is only .01. That is very disappointing. I guess the earnings for the quarter will reflect the small increase. All through the year, we have been hearing about how great the 4th quarter is going to be. I wonder just how good it truly will play out. Needless to say, I am not too happy with the dividend increase, but it is an increase. Seems like Immelt got a better pay package deal than we got dividend increase. I bet the margins are fabulous and he gets a huge pay bonus. I wonder if he is going to buy shares with his bonus again? Seems like he can’t lose because he is getting them as extra incentive pay and is collecting 3.5-3.7% on free shares. All the while, the average shareholder is putting hard earned cash into the company and seeing the stock lanquish. Good luck.

    Keep cranking,

    Robert the DividendDreamer

    • Exactly my sentiment, Robert. The increase was quite a disappointment, but an increase nonetheless. The stock has been stuck in neutral for a while and down 10% YTD. I was hoping for a bigger bump in the dividends. I will have to look at the Q4 results closely. First thing that crossed my mind was the wonder that GE probably sees a global slowdown in the year ahead. Also the strong dollar probably puts some pressure on the balance sheet. For now, I’ll continue holding and keep an eye on it.

      Thanks for stopping by and the comment
      R2R

  2. I’m happy with the increase. I know many were expecting more but considering where GE was not that long ago and where it is currently and headed I’m happy with this announcement.

    • DivHut,
      You are right…considering where the company was a few years ago, its turned around quite a bit. I will be continuing to hold it…hopefully the dividend raises will keep coming over the years.

      Best wishes
      R2R

  3. As a newish GE shareholder, this is good news. Free money is free money. We’re not working for that extra penny per share and I’m sure they will increase the dividend sometime in the future, so eh, we get paid a penny more to wait. I’d say that’s a pretty good disappointment to have.

    – HMB

    • Thats a good way to look at it, HMB. Half-glass full 🙂
      I am by no means discouraged to sell the stock. I still believe in the long term prospects of the company and intend to hold it…and in fact add to my position in the future.

      Best wishes
      R2R

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