Why General Electric's Shares Dropped 8% Today
Shares of industrial giant General Electric Company (NYSE: GE) dropped as much as 8.2% in trading Monday after the company announced a dividend reduction and reduced guidance. Shares slipped throughout the day and were down 8% at 2:50 p.m. EST.
The dividend will be reduced from $0.24 per share quarterly to $0.12 per share, saving the company about $4 billion per year. A dividend cut was widely expected, but the scale of the cut may have caught some investors by surprise.
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Source: Fool.com
General Electric Co. Aktie
150,50 €
0,34 %
Starke Bevorzugung von General Electric Co. in der Community mit ausschließlich Buy-Einschätzungen.
Ein positives Kurspotenzial für General Electric Co. ist gegeben, mit einem Kursziel von 163 € über dem aktuellen Kurs von 150.5 €.
