General Electric: Dividend Insights
Portfolio Pulse from Benzinga Insights
General Electric (NYSE:GE) has announced a quarterly dividend of 8 cents per share, which will be paid out to shareholders on October 25, 2023. The stock will go ex-dividend on Monday, meaning it will likely open 8 cents lower. Shareholders who own GE as of the end of Friday's session are eligible to receive the dividend.
September 20, 2023 | 2:45 pm
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NEGATIVE IMPACT
General Electric's announcement of an 8 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend on Monday.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. Therefore, GE's stock price is likely to decrease in the short term. However, the dividend announcement also indicates the company's profitability and ability to return capital to shareholders, which could have a positive impact in the long term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100