There has been speculation in the media and among analysts recently about GE’s dividend. Here are a few facts:
* GE has paid a dividend each quarter for more than 100 years.
* On Sept. 25, GE stated that its Board of Directors had approved management’s plan to maintain GE’s quarterly dividend of $0.31 per share, totaling $1.24 per share annually, through the end of 2009. That plan is unchanged.
* GE expects cash flow to be greater than the amount needed to fund the dividend in 2009.
* GE has taken a number of steps to strengthen its liquidity plan, including participation in the U.S. Government’s Commercial Paper Funding Facility (CPFF) and FDIC’s Temporary Loan Guarantee Program (TLGP). Both of these government programs provide additional levels of security for our investors, strengthen our ability to support the planned dividend in 2009, and do not place any restrictions on our dividend policy.
Learn more about GE’s dividend history on our Web site.