After selling off its financial arm, GE Capital, General Electric is poised to once again become one of the best dividend growth stocks around. For the better part of a century, General Electric was the king of all dividend stocks. It returned money to shareholders every quarter since 1899, and increased its payout for 32 years in a row, making it one of the S&P 500’s “Dividend Aristocrats.”
Although GE said Friday that it does not plan to raise its dividend until after 2016 (it aims to complete the sale of GE Capital over the next two years), the company is expressing an almost unprecedented amount of shareholder friendliness. The $90 billion it intends to return to investors includes a $50 billion stock buyback that ties Apple (AAPL) for the biggest share repurchase ever.GE said in its a statement that it is already working with regulators to remove the yoke of GE Capital’s designation as systemically importnt.
Source: Fortune
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