"The $1.24 dividend now delivers an 11% annual rate. They committed to paying the dividend (good thing). As long as that news doesn't change, getting paid to wait for a recovery by holding GE seems to be a splendid idea."
At $8.51/share...
The dividend gets cut by two thirds.
This should factor back to the cash position and the stock should gain something as a result, but at <$9 - big deal.
Just when I thought I was clever.
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