All Things GE for Friday (NYSE:GE)


Let us recap Friday’s news on GE for you in one nice, quick package. Sponsors - Become one Today

General Electric Co. Chairman and CEO Jeffrey Immelt's compensation falls some 24 percent for 2011 compared to 2010.  Immelt's pay (total compensation) remained essentially flat for in 2011, even after company’s profit rose 16 percent and its shares stagnated. –Reuters /AP

In his annual letter to shareholders, Immelt told us GE will focus on raising its quarterly dividend — currently at 17 cents per share — boosting margins and reversing a trend of outsourcing manufacturing operations so that it can run factories more efficiently. – IBD

Immelt is also quoted as saying "We live in what most business commentators call a volatile world. I would argue that when the environment is continuously unstable, it is no longer volatile. Rather, we have entered a new economic era. It could remain this way for a long time."

General Electric is getting hurt by low interest rates as their pension contributions to the employee pension benefit programs have increased due to historically low interest rates which are driving up the liabilities associated with pension plans. – Forbes

GE shares are closed Friday at $19.04, up 0.05% on volume at 37.49M shares traded.  Over the past 12 months GE shares have traded between a low of $14.02 and a high of $20.85.  General Electric Co shares are now trading with a P/E Ratio of 15.5 and EPS of 1.23.  GE’s current dividend yield is 3.60% ($0.68).

General Electric Company is one of the largest US conglomerates that operates as a technology and financial services company worldwide. The company's Energy Infrastructure segment offers wind turbines; gas and steam turbines and generators; integrated gasification combined cycle systems; aircraft engine derivatives; nuclear reactors, fuel, and support services; oil and gas extraction and mining motors and control systems; aftermarket services; water treatment solutions; power conversion infrastructure technology and services; and integrated electrical equipment and systems.

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