10-30-2018, 01:14 PM
(10-30-2018, 11:25 AM)fenders53 Wrote:(10-30-2018, 08:26 AM)ChadR Wrote: Not a raise, but General Electric (GE) will cut their dividend to $0.01 starting in 2019.
GE is a VERY sad story for thousands of retirees. Largest cap ticker on the market when I first started investing. This is exactly why you don't put your job, your future pension and 401K all in the same company. Everybody here knows that of course.
I heard on CNBC this morning that this is the 8th largest dividend cut in market history. GE now has 3 of the top 10 biggest cuts all-time!
Not sure exactly how the ranking is figured, but I suppose it's the cut in the total dollar amount of dividends paid.
What a $hit$how, Immelt destroyed this company with the Alstom and Baker Hughes acquisitions at market tops and the billions and billions spent on buybacks while the balance sheet suffered.