Deals
GE Raises Dividend 20%, Extends Share Buyback to 2013
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General Electric Co., emerging from the global recession with a hoard of cash, raised its quarterly dividend by 20 percent and will resume stock buybacks sooner than it had predicted. The shares rose.
GE said in a statement it raised the per-share payout to 12 cents a quarter from 10 cents. The company extended stock repurchases through 2013 from the end of this year, and plans to begin buying shares this quarter.