GE Raises Dividend for 31 Consecutive Year

Written by The Dividend Guy on December 12, 2006

Another good day for my dividend paying investments. GE today announced that they would be raising their dividend:

…the GE Board of Directors raised the Company’s quarterly dividend 12% from $0.25 per outstanding share to $0.28 per outstanding share of its common stock, for a full-year total dividend of $1.12, up from the current $1.00 per share.

My yearly dividend income from GE moves up from $36.46 / year to $40.84 / year. Once again, it may not sound like much, but considering that I am constantly compounding my returns both from the increased dividend and the reinvestment into more company shares I am comfortable that I will do well in this stock. This company is a huge powerhouse, and should do well for many years to come.


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2 Comments so far

  1. Latest Finance News » History » GE Raises Dividend for 31 Consecutive Year December 13, 2006 3:33 am

    […] Original post by The Dividend Guy […]

  2. Tag December 13, 2006 6:29 pm

    I too was happy to see GE up the div. I have the div reivestment too. Just wishing I had put more money into them when I started it.
    Best of luck with your stocks.

    Tag

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