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GE Capital will pay to parent GE a $475M dividend in Q2, and a $4.5B special dividend in 2012 -...
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Wednesday, May 16, 2012, 7:30 AM ETGE Capital will pay to parent GE a $475M dividend in Q2, and a $4.5B special dividend in 2012 - the first such payments since they were suspended in 2009. Shares +2.7% premarket. (PR)
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Now they no longer need to loan to GE's customers in order to help GE get a sales and kill competitors without hurting their parent's bottom line. They found another scummy way to make money.
6B new money in 2012
10.6B float
$0.56/share
2.9%
The stock is up 4% now.
Can you imagine GE with a 6% dividend?
I can't either.
So the PPS will have to soar to flatten out that yield.