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GE’s Immelt: Global Economy In ‘New Era’ Of Instability
The Wall Street Journal
March 9, 2012
General Electric Co. Chief Executive Jeff Immelt reiterated in his annual letter to shareholders that the conglomerate’s profit margin will rise in 2012, while its GE Capital finance unit will start paying a dividend to its parent again.
He also said increased dividends to shareholders will be a top priority for GE’s excess cash, seen at around $30 billion over the “next few years.”
“We’ve increased the dividend four times in the last two years, and we have a dedicated focus on increasing the GE dividend in line with future earnings,” Mr. Immelt wrote in the letter released Friday.
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