☰

Telecomunicaciones y tecnología

GE to slash quarterly dividend to 10 cents a share


    BOSTON (Reuters) - A General Electric Co spokesman declined to comment on a report by CNBC television that the U.S. conglomerate is cutting its quarterly dividend to 10 cents a share, from 31 cents.

    The move will save GE $9 billion a year, said CNBC.

    Jeffrey Immelt, chief executive officer of the world's largest maker of jet engines and electricity-producing turbines, as recently as January defended the dividend.

    But earlier this month said GE's board said it would evaluate the dividend. Investors had widely expected the company would have to cut the payout as it coped with falling profits in a global recession.

    Its shares were down 2.6 percent or 24 cents at $8.86 on the New York Stock Exchange. Earlier in the day, they had been as low as $8.40.

    (Reporting by Scott Malone, editing by Leslie Gevirtz)