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GE Aerospace Declares First Dividend After Breakup

Provided by Dow Jones

Apr 5, 2024 4:35pm

By Will Feuer

GE Aerospace declared its first quarterly dividend after spinning off its power businesses, which now operate under GE Vernova, a separate company.

GE Aerospace said it will pay a quarterly dividend of 28 cents a share to shareholders as of April 15. The dividend is payable April 25.

At the stock's current price of $154.49, the new quarterly dividend implies an annual yield of about 0.7%.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

April 05, 2024 12:35 ET (16:35 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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