Today GE increased its quarterly dividend from $.22 a share to $.23 a share. This represents a 4.54% from last year's increase. Since I currently own 411.4 shares of GE, my yearly dividends will increase by $16.46.
The ex-dividend date is December 18th and the pay date is January 26th.
I must admit this is not overly impressive in my opinion, but I will take a pay raise regardless of the amount. I am glad that I waited for this announcement before I added more shares. I will probably wait to add more GE if the yield gets closer to 4%.