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Monday, November 13, 2017

=General Electric (GE) : dividend cut

  • General Electric: widely anticipated dividend cut -- 50% to $0.12/share per quarter; annual yield now 2.3%
  • GE slashed its 2018 profit forecast and said it was cutting its dividend by half, as the 125-year-old industrial conglomerate seeks to preserve cash for a restructuring under new CEO John Flannery.
  • GE is a Dow component

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