GE has some problems and cutting that dividend means problems. Have they been borrowing money to make the dividend the last few years??
GE sold its appliance division to a Chinese outfit.
GE: 1% of holdings, was 1.52% of income, now .77% of income.
Never put more than 3% of your portfolio in any one stock!
The curse of Boston keeps on rolling. Gillette, Bank of Boston, now the newcomer, GE. Must be something in the (dirty) water.
Thank you Jeff Immelt you blinking loser for screwing up one of the great American industrial companies. They should cut your pension in half too.
Been watching GE on a death spiral for months in the stock market. This will drive their stock down more as income investors bail out on the stock. Expect to see it drop to $10 or below soon.