Investors Optimistic That GE Will Cut Dividend

February 9, 2009 | Written by: admin

General Electric (GE: 18.88 0.00%) announced that they would maintain their dividend, but would make a re-evaluation in the second half of the year. The market seemed to cheer the thought of GE cutting its dividend and shares jumped almost 14% today on the news.

The company currently offers value investors an incredible 11.2% yield…while it last. A rare find indeed for a company of GE’s magnitude.