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General Electric Takes The Gold At Cutting Dividends

TedTed
in The Bullpen
FYI: When General Electric announced on Oct. 30 that it would slash its quarterly dividend to a penny a share to shore up its balance sheet, it made the record book—but not in a way that’s good news for shareholders.

It was the eighth-largest dividend cut in the history of the S&P 500, according to S&P Dow Jones Indices. Worse, GE (ticker: GE) now has three dividend cuts that rank in the top 10 in history, more than any other company.
Regards,
Ted
https://www.barrons.com/articles/general-electric-takes-the-gold-at-cutting-dividends-1541196417?refsec=income-investing
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