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GE Approves 12% Increase In Dividend, Stock Buyback

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  • Description

    FBN’s Nicole Petallides breaks down the stocks moving the markets.

  • Duration 1:06
  • Date

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Markets now Charles danger and up to Nicole Petallides right now at a quarter past the hour -- little Best Buy you talking about.

Hello best biology he's not -- off with Best Buy yesterday we talked about Best -- we talked about the founder.

Possibly moving -- with a buyout offer sooner than later and now that deadline has been pushed back in order for him to be able to disseminate the numbers.

For the full year and so with that deadline pushed back what happens it means that -- deal is not happening.

Imminently and so the 16%.

Gain we -- yesterday.

Really well it's -- by the almost 16% loss we're seeing today.

That brings me now to my next stock in the stability Dow component General Electric raising the dividends of this isn't good news for shareholders raising the dividend by 12%.

To nineteen cents quarterly pay out the bad news for the shareholders it's not going to be moved up to December like so many companies like.

Like Caterpillar like mis in over 200 companies have moved up the dividend pay out the ninety that's going to be January and they're also authorizing another buy back ten billion dollars.

And shares back to you thank you call --

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