Embracing Change: General Electric Manages Decreased Performance and Adjusts Dividends
Portfolio Pulse from Benzinga Insights
General Electric (NYSE:GE) will issue a dividend payout of $0.08 per share, resulting in an annualized dividend yield of 0.30%. The company has maintained a consistent dividend per share of $0.32 from 2019 to 2022. However, the company's earnings per share have declined from $5.04 in 2019 to $2.29 in 2022, which could impact future dividend payouts. Compared to its industry peers, GE's dividend yield is on the lower end, with 1847 Holdings (NYSE:EFSH) having a higher annualized dividend yield of 281.80%.
July 25, 2023 | 3:05 pm
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POSITIVE IMPACT
1847 Holdings has a higher annualized dividend yield of 281.80% compared to General Electric.
1847 Holdings has a significantly higher annualized dividend yield compared to General Electric, making it potentially more attractive to income-seeking investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
General Electric's dividend payout is consistent, but a decrease in earnings per share could impact future payouts.
While General Electric has maintained a consistent dividend payout, the decrease in earnings per share could impact the company's ability to generate cash for future dividend payouts. This could potentially affect the company's attractiveness to income-seeking investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100