Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
FAIRFIELD, Conn. (AP) - General Electric says it is increasing its quarterly dividend by 3 cents, or 16 percent, to 22 cents.
The Fairfield, Conn., company said Friday that the new dividend is payable Jan. 27 to shareholders as of Dec. 23.
GE has been shaping itself into a conglomerate more focused on industrial equipment and appliances, shrinking its banking operations and selling off its media arm, NBCUniversal. GE's products include jet engines, medical diagnostic equipment, oil and gas drilling equipment and washing machines.
General Electric Co. shares rose 8 cents to $26.62 in midday trading.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
