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GE Surprises Wall Street by Keeping Imperiled Dividend Intact

  • Company defies sustainability concerns to keep payout steady
  • Shares gain on announcement, reversing modest early losses
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General Electric Co. shareholders can breathe a little easier. At least for now.

The board declared a 12-cent dividend, holding the payout steady for another quarter despite growing concerns that it would get cut. The dividend is payable July 25 to owners of record at the close of business June 18, GE said in a statement Friday.