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Increasing Performance and Stable Payouts: General Electric Benefits Investors with Growing Earnings

Author: Benzinga Insights | January 25, 2024 11:05am

As the day concludes, General Electric (NYSE:GE) is preparing to distribute a dividend payout of $0.08 per share, resulting in an annualized dividend yield of 0.26%. This payout is exclusive to investors who held the stock before the ex-dividend date on December 27, 2023.

General Electric Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-12-27 4 $0.08 0.26% 2023-12-15 2023-12-28 2024-01-25
2023-09-25 4 $0.08 0.29% 2023-09-08 2023-09-26 2023-10-25
2023-07-10 4 $0.08 0.3% 2023-06-30 2023-07-11 2023-07-25
2023-03-06 4 $0.08 0.4% 2023-02-10 2023-03-07 2023-04-25
2022-12-14 4 $0.08 0.37% 2022-11-30 2022-12-15 2023-01-25
2022-09-26 4 $0.08 0.43% 2022-09-09 2022-09-27 2022-10-25
2022-06-27 4 $0.08 0.49% 2022-06-17 2022-06-28 2022-07-25
2022-03-07 4 $0.08 0.33% 2022-02-14 2022-03-08 2022-03-25
2021-12-20 4 $0.08 0.33% 2021-12-10 2021-12-21 2022-01-25
2021-09-24 4 $0.08 0.31% 2021-09-10 2021-09-27 2021-10-25
2021-06-25 4 $0.08 0.31% 2021-06-18 2021-06-28 2021-07-26
2021-03-05 4 $0.08 0.35% 2021-02-12 2021-03-08 2021-04-26

General Electric's dividend yield is on the lower end compared to its industry peers, with Icahn Enterprises (NASDAQ:IEP) having a higher annualized dividend yield of 22.68%.

Analyzing General Electric Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

As you can see, from 2020 to 2023, investors observed a stable dividend per share of $0.32 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.

YoY Earnings Growth For General Electric

earning chart graph

The earnings chart above shows that from 2020 to 2023, General Electric has experienced an increase in their earnings from $1.36 per share to $3.01 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.

Recap

This article delves into the recent dividend payout of General Electric and its implications for shareholders. Presently, the company is distributing a dividend of $0.08 per share, leading to an annualized dividend yield of 0.26%.

General Electric's dividend yield is on the lower end compared to its industry peers, with Icahn Enterprises having a higher annualized dividend yield of 22.68%.

While the dividend per share remains unchanged during the period of 2020 to 2023, the upward trajectory of earnings per share for General Electric indicates a favorable financial position, potentially paving the way for sustained profit distribution to shareholders.

Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.

\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: GE IEP

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