GE slashes quarterly dividend ahead of expected restructuring

(Reuters) – General Electric Co (GE.N) said on Monday it would chop its quarterly dividend in half, as part of an overhaul of the company that new Chief Executive John Flannery is due to roll out later in the day.

FILE PHOTO: The ticker and logo for General Electric Co. is displayed on a screen at the post where it’s traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2016. REUTERS/Brendan McDermid/File Photo

GE said it would cut the dividend to 12 cents per share from 24 cents, starting in December. This is the third time in its 125-year history that GE has cut its dividend. The other two cuts came during the Great Depression and the 2009 financial crisis.

The move, widely expected after GEs cash …

Read the full article at: http://www.reuters.com/article/us-ge-review/ge-slashes-quarterly-dividend-ahead-of-expected-restructuring-idUSKBN1DD0H3?il=0

(Reuters) – General Electric Co (GE.N) said on Monday it would halve its quarterly dividend, as part of an overhaul of the company that new Chief Executive John Flannery is due to roll out later in the day.

GE said it would cut the dividend to 12 cents per share from 24 cents, starting in December. This is the third time the company has cut its dividend in its 125-year history. The other two dividend cuts were during the Great Depression and the 2009 financial crisis.

The move, widely expected after GEs…

Read the full article at: http://www.reuters.com/article/us-ge-review/ge-slashes-quarterly-dividend-ahead-of-expected-restructuring-idUSKBN1DD0H3

GE slashes quarterly dividend ahead of expected restructuring – Reuters

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