GE Raises Dividend for 31 Consecutive Year

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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• Day 1: The Dividend Key – Reinvested Dividends
• Dividend Increase!