GE cannot guarantee dividend, still fixing some units, CEO says [Yahoo! Finance News]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Yahoo! Finance News
General Electric Co (GE.N) cannot guarantee its 2019 dividend and is still fixing its power and capital units, Chief Executive John Flannery said on Wednesday, sending the industrial conglomerate's stock down nearly 8 percent. Asked by an analyst if the 2019 dividend was assured, Flannery said that while payout is important to investors, it depended on multiple factors. "It's ultimately a function of the free cash flow of the company and that's ultimately a function of operating performance and things that we do with the portfolio," Flannery told analysts at the annual Electrical Products Group conference in Florida.
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