Somewhat Good News for GE Shareholders
Posted on | May 17, 2012 | No Comments
Somewhat good news for GE shareholders: GE Capital was deemed healthy enough by regulators to return profit to its parent company, GE. As a GE shareholder, I would prefer the money passed through to us in the form a dividend, unfortunately, the CEO, Jeff Immelt, wants to use the money to buyback GE stock to make up for the dilution that was caused in 2008 when they sold $12 billion worth of common stock. The stock hasn’t risen that much lately and is down 7.5% in the last year so it might be a good time for them to purchase the stock at current prices.
GE is currently paying 17 cents a share on a quarterly basis. I bought 100 shares back in 2010 and I’ve already received $114 in dividends. I plan on holding on to the stock for a very long time.
Comments
Leave a Reply