Jan 26 2009
GE Dividend Paid Today
I received my quarterly dividend from GE today. If you have been reading this blog than you know that I like dividend stocks as a source of extra money and a great way to receive passive income.
The dividend was thirty-one cents per share. Since I am a small investor and do not own a lot of shares this didn’t add up to much. It is nice to get some money out of the stock though since the share price has been tumbling.
The yield on GE stock is now 9.49% which is very high for a stock of this type. My effective yield is lower since I bought GE at a higher price. There is a lot of speculation that GE might cut its dividend so I would be cautious about buying it now.
