Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (263671)	7/23/2010 10:15:36 PM
From: Smiling Bob	Respond to of 306849

They got the thumbs up from Lord Blankfein

To: DebtBomb who wrote (263671)	7/23/2010 10:29:42 PM
From: Smiling Bob	Respond to of 306849

What a difference a few trillion makes. I'm sure my grandkids will appreciate this someday. If only I had the foresight to know this is where the remaining stimulus $$ were gonna go that didn't end up in foreign banks. ------ GE raises quarterly dividend 20 percent GE hikes dividend 20 percent after deep cut last year, plans to resume stock repurchases ap * Share * retweet * Email * Print * Companies: o General Electric Co. Related Quotes Symbol Price Change GE 15.71 +0.50 Chart for General Electric Company Common {"s" : "ge","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Stephen Manning, AP Business Writer, On Friday July 23, 2010, 6:52 pm EDT More than a year ago, in need of cash after its GE Capital lending unit was overwhelmed by the financial crisis, General Electric did the nearly unthinkable -- it slashed its dividend for the first time since the Great Depression. Now, flush with cash, the conglomerate is starting to reward shareholders again. GE boosted its quarterly dividend by 2 cents to 12 cents per share Friday, a modest gain compared to the 68 percent cut it made in February 2008 when the GE was in crisis. But GE said the increase, earlier than expected, was a sign that things are much better. The dividend was increased and accelerated "because of continued strong cash generation, recovery at GE Capital and solid underlying performance in our industrial businesses," said CEO Jeff Immelt.