11 months ago0 views
General Electric's board of directors announced on Monday it is cutting its dividend in half — from $0.24 to $0.12 a share. “We understand the importance of this decision to our shareowners and we have not made it lightly. GE Chairman and CEO John Flannery said in the release. GE is considering job reductions "across all of its diverse businesses," Reuters reports, citing sources. "The dividend remains an important component of GE’s capital allocation framework.