General Electric said on June 30, 2023 that its board of directors declared a regular quarterly dividend of $0.08 per share ($0.32 annualized). Previously, the company paid $0.08 per share.
Shareholders of record as of July 11, 2023 will receive the payment on July 25, 2023.
At the current share price of $108.27 / share, the stock's dividend yield is 0.30%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.95%, the lowest has been 0.28%, and the highest has been 7.21%. The standard deviation of yields is 1.54 (n=236).
The current dividend yield is 0.43 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.04. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 2374 funds or institutions reporting positions in General Electric. This is an increase of 83 owner(s) or 3.62% in the last quarter. Average portfolio weight of all funds dedicated to GE is 0.37%, an increase of 5.96%. Total shares owned by institutions increased in the last three months by 5.07% to 1,007,436K shares. 
The put/call ratio of GE is 1.12, indicating a bearish outlook.
Analyst Price Forecast Suggests 2.42% Upside
As of July 6, 2023, the average one-year price target for General Electric is 110.89. The forecasts range from a low of 85.04 to a high of $131.25. The average price target represents an increase of 2.42% from its latest reported closing price of 108.27.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for General Electric is 81,908MM, an increase of 4.52%. The projected annual non-GAAP EPS is 4.38.
What are Other Shareholders Doing?
Capital Research Global Investors holds 104,316K shares representing 9.58% ownership of the company. In it's prior filing, the firm reported owning 102,093K shares, representing an increase of 2.13%. The firm increased its portfolio allocation in GE by 10.08% over the last quarter.
Capital International Investors holds 54,106K shares representing 4.97% ownership of the company. In it's prior filing, the firm reported owning 24,058K shares, representing an increase of 55.54%. The firm increased its portfolio allocation in GE by 145.92% over the last quarter.
Price T Rowe Associates holds 46,666K shares representing 4.29% ownership of the company. In it's prior filing, the firm reported owning 54,400K shares, representing a decrease of 16.57%. The firm decreased its portfolio allocation in GE by 3.01% over the last quarter.
AIVSX - INVESTMENT CO OF AMERICA holds 45,044K shares representing 4.14% ownership of the company. In it's prior filing, the firm reported owning 42,219K shares, representing an increase of 6.27%. The firm increased its portfolio allocation in GE by 15.81% over the last quarter.
Dodge & Cox holds 34,581K shares representing 3.18% ownership of the company. In it's prior filing, the firm reported owning 37,177K shares, representing a decrease of 7.50%. The firm increased its portfolio allocation in GE by 5.46% over the last quarter.
General Electric Background Information
(This description is provided by the company.)
The General Electric Company (GE) is an American multinational company. For more than 125 years, GE has invented the future of industry. Today, GE is best known for its work in the Power, Renewable Energy, Aviation and Healthcare industries.
Additional reading:
- AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT AMENDMENT NO. 1 TO GE PERFORMANCE STOCK UNIT GRANT AGREEMENT
- CERTIFICATE OF CHANGE GENERAL ELECTRIC COMPANY (Under Section 805-A of the Business Corporation Law of the State of New York)
- GE ANNOUNCES FIRST QUARTER 2023 RESULTS Double-digit orders and revenue growth with positive free cash flow; raising low end of 2023 guidance
- ants to Executive Officers under the General Electric
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
