GE is now down over 15% from its pre-open highs and down over 8% on the day (the biggest drop in over 8 years)…
– For The First Time Since The Financial Crisis GE Slashes Dividend In Half:
“We understand the importance of this decision to our shareowners and we have not made it lightly. We are focused on driving total shareholder return and believe this is the right decision to align our dividend payout to cash flow generation.” – GE CEO John Flannery.
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