What will GE dividend be in 2024?
EVENDALE, Ohio-April 5, 2024-The Board of Directors of GE Aerospace (NYSE: GE) today declared a $0.28 per share dividend on the outstanding common stock of the Company. The dividend is payable April 25, 2024, to shareholders of record at the close of business on April 15, 2024.
The GE stock shareholders received the last dividend payment of $0.28 per share on April 25, 2024 .
GE pays a dividend of $0.28 per share. GE's annual dividend yield is 0.27%. When is GE Aerospace ex-dividend date? GE Aerospace's previous ex-dividend date was on Apr 12, 2024.
Bottom line: GE stock is not a buy right now. Over the long term, buying an index fund, such as SPDR S&P 500 (SPY), would have delivered safer, higher returns than buying GE stock. However, shares have outperformed since mid-2022 as General Electric revived growth and transformed into an aerospace-focused company.
GE Vernova Inc. (GEV) does not pay a dividend.
Each GE shareholder is receiving one share of GE Vernova for every four shares they hold of GE. GE Vernova is trading under the ticker GEV on the New York Stock Exchange, while the remaining company, GE Aerospace, is continuing to trade under GE.
General Electric has finalized its restructuring, separating into three distinct publicly-traded companies. The newly independent entities, GE Aerospace (GE) and GE Vernova (GEV), now trade individually on the New York Stock Exchange.
GE Aerospace quote is equal to 155.880 USD at 2024-06-15. Based on our forecasts, a long-term increase is expected, the "GE" stock price prognosis for 2029-06-06 is 340.090 USD. With a 5-year investment, the revenue is expected to be around +118.17%. Your current $100 investment may be up to $218.17 in 2029.
The average price target for GE Aerospace is $183.47. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $211.00 ,the lowest forecast is $160.00. The average price target represents 13.92% Increase from the current price of $161.05.
Forecasts for 2025. GE's price range is between $255 and $470 with a possible surge to $575 by 2028. Technical analysis shows that GE stock's long-term bearish trend that began in 2016 is reversing. Long-term forecasts to 2030 point to a sustained upward trajectory.
Should I sell my GE stock before the reverse split?
Selling before a reverse stock split is a good idea, but selling after the reverse stock split is not. Since you can sell before and after a reverse stock split, selling during one is optional. The main advantage of selling before the reverse stock split is that you don't have to wait around for it to happen.
As of 2024-06-09, the Fair Value of General Electric Co (GE) is 80.12 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 161.92 USD, the upside of General Electric Co is -50.5%.
If you buy GE stock now, you will get exposure to both companies after the spinoff takes place, and the good news is there's ample room for improvement in both companies in 2024. GE Aerospace has excellent earnings and orders momentum, with a multiyear backlog in place, and its defense business is improving, too.
GE Aviation's Board of Directors approves the sale. Boeing's Board of Directors approves the offer to purchase. Boeing conducts a quantitative and qualitative evaluation of GE Aviation and assembles the necessary financial resources. GE Aviation becomes a standalone company.
The company spun-off GE Healthcare on January 3, 2023, and will spin-off GE Vernova (Power and Renewable Energy) in April 2024. Post-spin-off, GE Aerospace will comprise the Aerospace business, splitting General Electric, thereby completing the planned split of General Electric into three individual companies.
Key Takeaways. GE Aerospace shares surged Friday as the company announced a 250% increase in its quarterly dividend. GE Aerospace's quarterly dividend will rise to 28 cents from 8 cents per share, payable April 25 to shareholders of record April 15.
General Electric Dividend
General Electric is a dividend paying company with a current yield of 0.7%.
GE Stock Price Forecast 2024-2025
The forecasted GE price at the end of 2024 is $216 - and the year to year change +69%. The rise from today to year-end: +35%. In the middle of 2024, we expect to see $167.
General Electric (GE) will move forward as three independent businesses starting today. The company is splitting its energy division into GE Vernova under the “GEV” ticker, while GE Aerospace continues using the “GE” ticker. GE's third division, GE Healthcare, actually fractured into its own company in 2023.
GE Vernova—General Electric's GE future energy spinoff—held its inaugural investor day on March 6. After reviewing the materials, we see no reason to change our $154 fair value estimate for GE. In our discounted cash flow model, we assume Vernova is worth roughly $35 billion in equity value.
Who is the biggest stockholder for GE?
The company operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and a financial services segment called GE Capital. The top shareholders of General Electric are Vanguard, Capital Research Global Investors, and BlackRock.
GE Vernova will be the name of General Electric Co.'s power business when it splits off from the company in 2024. The new name, GE said, is a mashup of the Spanish word “verde” for green and “verdant” plus “nova” derived from the Latin “novus,” or “new.”
General Electric(GE-N) Frequently Asked Questions
11 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock.
In the spin-off, GE will distribute to its shareholders all of the outstanding shares of GE Vernova common stock. Holders of GE common stock will receive one share of GE Vernova common stock for every four shares of GE common stock held as of the close of business on the record date, March 19, 2024.
Is General Electric Stock a Good Buy? Investors are bullish on General Electric stock right now due in part to its compelling guidance. According to consensus estimates, General Electric is forecast to increase revenue from $68 billion in 2023 to $78 billion in 2025.
