Dividends4Life: Count On GE for a 3.7% Yield

Count On GE for a 3.7% Yield

Posted by D4L | Friday, March 13, 2015 | | 0 comments »

General Electric Company (NYSE:GE) has been named as the ”Top Dividend Stock of the Dow,” according to Dividend Channel, which published its most recent DividendRank report. The report noted that among the components of the Dow Jones Industrial Average, GE shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent GE share price of $24.89 represents a price-to-book ratio of 1.9 and an annual dividend yield of 3.7% — by comparison, the average dividend-paying stock in the Dow yields 2.6% and trades at a price-to-book ratio of 4.6.

The report also cited the strong quarterly dividend history at General Electric, and favorable long-term multi-year growth rates in key fundamental data points. The report stated: ”Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That’s what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most ‘interesting’ stocks, meant for investors as a source of ideas that merit further research.”

Source: InvestorPlace

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