Trouble At GE as Dividend Is Cut in Half

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

With no economic reports to sway them, equity traders here were not able to gain much traction.  Oil remained just under $57 per barrel and the 10 year Treasury yield closed the day at 2.40%.  The  big news in the market was that General Electric cut its dividend for the first time since the Great Depression.  Not only was it cut, it was cut in half from 24 cents per share down to just 12.  The Dow managed to gain only 17 points on the day.

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Rainmaker
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Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Hmmm I wonder if that means trouble ot GE or just bigger bonuses for the execs? Thanks for sharing.

Nov 13, 2017 03:04 PM #1
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Rainmaker
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