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GE (GE -0.6%) will use the entire $4.5B "special dividend" that it's receiving from GE Capital...

GE (GE -0.6%) will use the entire $4.5B "special dividend" that it's receiving from GE Capital for buybacks, Jeff Immelt has told investors. That should add ~$0.03 a share to GE's 2013 earnings, estimates Citigroup, which reiterates its "buy" recommendation on the company.

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Comments (10)
  • DeepValueLover
    , contributor
    Comments (9575) | Send Message
     
    Smart move by Jeffery "Obama" Immelt.
    24 May 2012, 12:12 PM Reply Like
  • Onegrndude
    , contributor
    Comments (44) | Send Message
     
    Dumb, Dumb!!!!!!

     

    Give me the dividend!!!
    24 May 2012, 02:34 PM Reply Like
  • Buyandhold 2012
    , contributor
    Comments (2812) | Send Message
     
    The buyback might be a good decision if the shares of GE go up.
    24 May 2012, 04:01 PM Reply Like
  • bucasdad
    , contributor
    Comment (1) | Send Message
     
    retired ge engineer-now own ge options and buy them every month hoping for -THE BIG MOVE!!!!!!!!!!!!!!
    24 May 2012, 05:39 PM Reply Like
  • doc47
    , contributor
    Comments (1288) | Send Message
     
    Not sure what is better, just hoping they make the right moves. This buy back with a dividend increase later this year could finally put the stock over 20 for good. I'm just hoping Europe doesn't drag them down.
    24 May 2012, 10:36 PM Reply Like
  • curious-george
    , contributor
    Comments (296) | Send Message
     
    Immelt is no friend of stockholders...ALL 4.5B should be paid with more as dividends to the stockholders
    25 May 2012, 12:42 AM Reply Like
  • bernie 1
    , contributor
    Comments (566) | Send Message
     
    Way to go Jeff,
    After working for Washington & shinning in the Presidents glow. I'm just surprised if you even give those of us who have waited to see just what Jack Welch saw in you a thought. In fact, I'm shocked that you haven't suggested passing out the 4 1/2 billion to the Obama voters who probably buy Philips products anyway.
    You must have realized that with a 17 cents dividend that those of us who live & suffer with the Presidents economic policies is way to much for us. Maybe an increase will afford enough to buy a Bentley instead of a Rolls.
    25 May 2012, 03:39 AM Reply Like
  • habadeba
    , contributor
    Comments (5) | Send Message
     
    Why not use it to reduce debt?
    25 May 2012, 05:11 PM Reply Like
  • bgiere
    , contributor
    Comments (20) | Send Message
     
    I would prefer a larger dividend. Regardless of what the lying politicians say, inflation is eating away at my income. I don't have a ten million $ salary like Immelt. I need the money now, not 5-10 years from now.
    26 May 2012, 02:35 PM Reply Like
  • Joe_G
    , contributor
    Comments (280) | Send Message
     
    For large companies like GE isn't a dividend tantamount to a buyback anyway? I assume that most investors reinvest their dividends, which means GE would retain the cash intended for dividends in exchange for issuing new shares to existing investors. Then they would go out and use that cash to buy back an equal numbers of shares from the market to offset the dilution of existing shares.
    27 May 2012, 02:32 PM Reply Like
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