FYI: On Monday, General Electric slashed its dividend 50%, from $0.96 to $0.48. By dollar value, it's the eighth-largest cut in the history of S&P 500 companies, according to CNBC; if you ignore dividend cuts made in 2009, post-financial crisis, then it's the largest of all time.
The admittedly shocking move has panicked some investors, who now wonder if and how they ought to retool their dividend ETF allocations in response.
There's no need for worry, however. For dividend ETF investors, this news is a tempest in a teapot.
Regards,
Ted
http://www.etf.com/sections/features-and-news/ges-dividend-cut-tempest-etf-teapot?nopaging=1
