Business Corpus: GE Keeps Dividend Steady For Now, Calming Fears Of Another CutGE kept its quarterly dividend at 12 cents a share. That eased fears after analysts warned of another dividend cut and CEO John Flannery recently declined to comment on the payout's future. The post GE Keeps Dividend Steady For Now, Calming Fears Of Another Cut appeared first on Investor's Business Daily.

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The GE (GE) dividend will stay at 12 cent a share per quarter, the Dow Jones conglomerate said Friday, putting to rest fears of a further General Electric dividend cut.

Several analysts have warned about more cuts to the hallowed General Electric dividend. GE's board of directors slashed its payout in half in November, cutting it for the second time in a decade.

In April, Cowen described the GE dividend at risk of a cut. In May, JPMorgan suggested that General Electric should consider a dividend cut. RBC Capital Markets reportedly noted the options market was pricing in a reduced payout after GE's cash position worsened this year.

Additionally, GE CEO John Flannery stoked fears on May 23 by declining to comment about whether General Electric would reduce the dividend again. GE stock tumbled 7% that day.

General Electric stock rose 1.1% to 13.93 on the stock market today but continues to languish under the 50-day moving average and near the lowest levels in years. GE's conglomerate peers on the Dow Jones industrial average were mixed; United Technologies (UTX) inched up 3 cents while 3M (MMM) gained 0.7%. Siemens (SIEGY) rose 0.6% while Honeywell (HON) lost 0.15%.

GE Dividend Yield

General Electric stock continued to fall after the November dividend cut, with GE finally bottoming in late March. Even with GE stock slightly higher, the dividend yield is at 3.5% today.

Thousands of investors and retirees rely on the GE dividend for their income needs. GE, a former icon of American industry, has one of the most widely held stocks.

General Electric also announced it will report second-quarter 2018 earnings on July 20.

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The post GE Keeps Dividend Steady For Now, Calming Fears Of Another Cut appeared first on Investor's Business Daily.