GE Raises Dividend 17% as Immelt Draws on Cash Hoard
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General Electric Co. raised its dividend for the second time in five months, giving investors a 17 percent boost as Chief Executive Officer Jeffrey Immelt unlocks a war chest of cash hoarded in the financial crisis.
The quarterly payout will jump to 14 cents from 12 cents, after climbing from 10 cents in July, GE said today. The dual increases are GE’s first in a single year since 1992.