Deals
GE Climbs as Finance Unit Resumes Payout Halted in Crisis
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General Electric Co. climbed the most in seven weeks after announcing its finance unit will resume payouts to the parent company that were suspended in 2009 during a freeze in credit markets.
GE Capital will pay a special dividend of $4.5 billion this year and hand over a $475 million quarterly payout in the three months through June, according to a statement today. Full-year payments, excluding the special dividend, are targeted to be 30 percent of the finance unit’s 2012 earnings.