GE Board of Directors Approves 12% Increase in Quarterly Dividend and Increases Existing Share-Repurchase Authorization by $10B

  GE Board of Directors Approves 12% Increase in Quarterly Dividend and
  Increases Existing Share-Repurchase Authorization by $10B

Business Wire

FAIRFIELD, Conn. -- December 14, 2012

The Board of Directors of General Electric Company  (NYSE: GE) today raised
the Company’s quarterly dividend by 12%, or $0.02 per outstanding share of the
Company’s common stock, to $0.19 per outstanding share of the Company’s common
stock. The Board declared that the dividend is payable January 25, 2013 to
shareowners of record at the close of business on December 24, 2012. The
ex-dividend date is December 20, 2012.

In addition, the Board increased the existing share-repurchase authorization
by $10 billion and extended the repurchase plan through 2015, which otherwise
would have expired on December 31, 2013.As of the end of the third quarter of
2012, the plan had approximately $4.9 billion in remaining authorization.

“We are pleased to increase GE’s quarterly dividend for the fifth time in
three years,” GE Chairman and CEO Jeff Immelt said. “In addition to investing
in long-term growth, returning cash to our shareholders remains a top
priority. Coupled with our strong operational outlook, today’s announcement
underscores our balanced and disciplined approach to capital allocation.”

About GE

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at

Caution Concerning Forward-Looking Statements:

This document contains “forward-looking statements” – that is, statements
related to future, not past, events. In this context, forward-looking
statements often address our expected future business and financial
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Forward-looking statements by their nature address matters that are, to
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equity prices and the value of financial assets; potential market disruptions
or other impacts arising in the United States or Europe from developments in
the European sovereign debt situation; the impact of conditions in the
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Capital Corporation’s (GECC) funding and on our ability to reduce GECC’s asset
levels as planned; the impact of conditions in the housing market and
unemployment rates on the level of commercial and consumer credit defaults;
changes in Japanese consumer behavior that may affect our estimates of
liability for excess interest refund claims (GE Money Japan); pending and
future mortgage securitization claims and litigation in connection with WMC,
which may affect our estimates of liability, including possible loss
estimates; our ability to maintain our current credit rating and the impact on
our funding costs and competitive position if we do not do so; the adequacy of
our cash flow and earnings and other conditions which may affect our ability
to pay our quarterly dividend at the planned level; GECC’s ability to pay
dividends to GE at the planned level; our ability to convert pre-order
commitments into orders; the level of demand and financial performance of the
major industries we serve, including, without limitation, air and rail
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regulation and regulatory, investigative and legal proceedings and legal
compliance risks, including the impact of financial services regulation;
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including those of a political, economic, business and competitive nature.
These uncertainties may cause our actual future results to be materially
different than those expressed in our forward-looking statements. We do not
undertake to update our forward-looking statements.

This document may also contain non-GAAP financial information. Management uses
this information in its internal analysis of results and believes that this
information may be informative to investors in gauging the quality of our
financial performance, identifying trends in our results and providing
meaningful period-to-period comparisons. For a reconciliation of non-GAAP
measures presented in this document, see the accompanying supplemental
information posted to the investor relations section of our website at

In this document, “GE” refers to the Industrial businesses of the Company
including GECC on an equity basis. “GE (ex. GECC)” and/or “Industrial” refer
to GE excluding Financial Services.


Trevor Schauenberg, 203-373-2424
Seth Martin, 203-572-3567 (cell)
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