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GE cuts dividends

Wed, 31 Oct 2018 14:05:21 GMT

Dividend cuts are quite rare and even rarer for a stallwart stock like GE.  But yesterday, GE cut it's dividend to a penny a share. There wasn't much of a price reaction, the stock had been on a downward trend, but the dividend cut certainly didn't help. A dividend cut signaled that GE is struggling, but I don't think that was news to anyone.  Even an analyst upgrade didn't help the stock...