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GE Hikes Dividend 12%

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  • Description

    FBN’s Nicole Petallides with an afternoon market update.

  • Duration 1:01
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If Tim and it's we have team coverage for you -- -- -- -- and the zany -- senator call on the floor of the New York Stock Exchange watch and general elect.

Dirk well isn't this isn't bad news -- -- general -- depends on how you view this one but.

A couple of things General Electric Dow component.

And raising its dividend which -- -- ultimately sounds good at first glance raising its dividend by 12% to nineteen cent quarterly payout.

Starting in January.

Vs December which is not good news.

Because now that doesn't avoid the fiscal flat -- likely higher taxes you pay.

In the new year.

We should note is that they raised the dividend the way they're doing -- -- in a different tax bracket as well.

With this so that's also not a piece of good news they did authorize the company buy back another ten billion shares that ultimately.

Going along with their -- to try to buy back all the additional shares they issued.

Back in 2008 nor -- raise additional cash that's the latest here on the floor of the New York Stock Exchange Bill Clinton.

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