GE raises dividend, extends stock buyback program

   December 14, 2012 9:25 am    0

 

(AP) — General Electric Co., the parent company to Erie-based GE Transportation, is raising its quarterly dividend by 12 percent and extending and expanding its share repurchase plan.
The new quarterly dividend is 19 cents, up from 17 cents. The dividend will be paid on Jan. 25 to shareholders as of Dec. 24.
The board is also extending GE’s stock buyback plan through 2015. It’s authorizing up to $10 billion for additional shares. The plan had $4.9 billion available for repurchase at the end of the third quarter.

 

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