ValuentumAd

Official PayPal Seal

GE Dividend Cut Coming Sooner Than Later, Says Seeking Alpha, Bloomberg

publication date: Oct 15, 2017
 | 
author/source: Brian Nelson, CFA

Image Source: darkon_turaas

We’ve been warning about the tight rope GE has been walking with respect to its dividend. Concerns are spreading, and it seems a dividend cut may be coming sooner than later, according to some sources.

By Brian Nelson, CFA

It’s unconfirmed, but Seeking Alpha is reporting that much-beleaguered General Electric (GE) may potentially slash its quarterly dividend to $0.18 per share from $0.24 per share the week of October 15-21, sourcing Bloomberg. We can’t find much more to substantiate the report other than the Seeking Alpha post, “GE seen cutting dividend next week – Bloomberg,” but we, too, have had myriad concerns about the sustainability of the payout of the former idea in both the Best Ideas Newsletter portfolio and Dividend Growth Newsletter for some time, so it would not be out of the realm of possibilities.

Here’s what we wrote May 15, 2017, in a piece where we held back the title to add even more value to members, “Newsletter Alert: Title Withheld – Members Only:”

We’ll keep members posted. GE is no longer included as an idea in either newsletter portfolio.


--------------------------------------------------
The High Yield Dividend Newsletter, Best Ideas Newsletter, Dividend Growth Newsletter, Nelson Exclusive publication, and any reports and content found on this website are for information purposes only and should not be considered a solicitation to buy or sell any security. Valuentum is not responsible for any errors or omissions or for results obtained from the use of its newsletters, reports, commentary, or publications and accepts no liability for how readers may choose to utilize the content. Valuentum is not a money manager, is not a registered investment advisor, and does not offer brokerage or investment banking services. The sources of the data used on this website and reports are believed by Valuentum to be reliable, but the data’s accuracy, completeness or interpretation cannot be guaranteed. Valuentum, its employees, independent contractors and affiliates may have long, short or derivative positions in the securities mentioned on this website. The High Yield Dividend Newsletter portfolio, Best Ideas Newsletter portfolio and Dividend Growth Newsletter portfolio are not real money portfolios. Performance, including that in the Nelson Exclusive publication, is hypothetical and does not represent actual trading. Actual results may differ from simulated information, results, or performance being presented. For more information about Valuentum and the products and services it offers, please contact us at info@valuentum.com.