Today General Electric (GE) and US Bancorp (USB) announced dividend actions. The table below details components of the increase.
- GE increased their quarterly dividend by 12% to 28 cents per share versus 25 cents per share in the same quarter last year. One analyst commented, "This has been a stock that has been lagging the market for a while and this clarity on their outlook and visibility of their earnings is being greeted favorably by the market," said Tim Ghriskey, chief investment officer at Solaris Asset Management. "The increase in the dividend is a statement by management and the board that they are comfortable with the performance of the company both today and going into next year."(emphasis added)
- USB increased their quarterly dividend by 21% to 40 cents per share versus 33 cents per share in the same quarter last year.
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