Friday, December 12, 2014

GE raises dividend 4.54% --- New yield is 3.66%

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%.

16 comments:

  1. I'm happy to hear about the dividend increase but like you I'm not too impressive with the amount. We have a small position in GE and will probably wait a little bit to determine whether to add more.

    ReplyDelete
    Replies
    1. Tawcan,

      Considering the recent turmoil in the markets, it is good to have some positive news even if it's only a 1 cent raise in GE's dividend.

      MDP

      Delete
  2. MDP,

    The market sure didn't like the 5% hike as the share price is looking to break below $25. I could see adding closer to $23/24 and 4%, and will continue to monitor.

    DWC

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    Replies
    1. DWC,

      I will look to add around 22-23 as well since that would be a 4% yield. As far as the markets, they really didn't like much of anything yesterday....Dow down 315 points!

      MDP

      Delete
  3. While not the most exciting increase, GE is in the middle of a big transition period. I would anticipate that future increases will bump up once earnings begin to reflect the 'new look' GE. In the meantime, I'm happy to have gotten the 5%.

    ReplyDelete
    Replies
    1. W2R,

      I am counting on higher increases in the future as well. One penny raises should be left to utilities and T.

      MDP

      Delete
  4. We also own GE so definitely happy to hear that we'll be getting another raise. :)

    Cheers to dividend growth! AFFJ

    ReplyDelete
  5. I just commented on another blog about this increase. While it seems that several of the DGI bloggers are a little underwhelmed with this raise, I feel happy to get it. I still think the future decade of GE will be a good one considering how much leaner they are as a company these days compared to just a few years ago.

    ReplyDelete
    Replies
    1. DivHut,

      I hope GE has a bright future as well. The last 15 years have not been good for this industry giant.

      MDP

      Delete
  6. I prefer dividend raises at x2 rate of inflation so roughly 8% or more. But a raise is a raise and better then nothing or a cut!

    ReplyDelete
    Replies
    1. PMU,

      I agree. Yesterday I was pretty bummed that the raise was small. But I have thought about it and hopefully GE will continue to grow and bigger raises will come in the future.

      MDP

      Delete
  7. Something I always try to keep in mind: I don't typically expect industrials to increase dividends every year at an 8-10% clip. I remember a couple years ago when EMR only increased by 2.5%. Was upset, but held. Then they did better last year, and this year it was 9%.

    I think GE's still a pretty solid purchase at this level and yield.

    DW

    ReplyDelete
    Replies
    1. DW,

      I agree. I was disappointed yesterday, but I feel better about it today. I guess since my oil companies have been taking a beating, I was looking for some better news from GE. :-)

      MDP

      Delete
  8. Same here. Even though I wish the increase to be higher, I feel it is better than nothing. Not sure if I want to add more since GE is already the largest in my portfolio. But might consider if it gets down to the ~23 levels.

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    Replies
    1. DGJ,

      I agree with your entry price around 23. I will pick up some more shares around the 4% yield level.

      MDP

      Delete