GE GE raised its dividend on Friday and boosted its buyback authorization. Shares moved to the upside, reversing earlier losses to a total session gain of about 0.50 percent.
GE raised its dividend from $0.17 up to $0.19. The company also increased its buyback authorization by an additional $10 billion worth of shares and extended the plan through 2015. There had been about $5 billion remaining on the buyback plan.
For a blue chip, GE has been a great performer in 2012. Year-to-date, shares are up over 20 percent, greatly outperforming the broader S&P 500.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in