If GE Cuts Its Dividend, ExxonMobil Could Be Next
When a company as big and diverse as General Electric (NYSE: GE) says publicly that it's considering reducing its dividend, it should give investors pause. GE was viewed as a Dividend Aristocrat for decades before the financial crisis but was working hard to get that title back. If conditions at GE are so dire that it needs to cut its dividend, then there must be other companies feeling similar pressure.
The energy business isn't performing as well as GE hoped, and that should worry ExxonMobil Corporation (NYSE: XOM) investors as well. If you look at the company's performance over the past decade, it's becoming clear that its dividend could be in trouble, just like GE's.
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Source: Fool.com
General Electric Co. Stock
€156.50
3.620%
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