Looks like GE is truly sticking to its plan. That is either good or bad in my opinion.
1. It is good because Jeff Immelt is following the plan he put forth in April/May 2015, and he is sticking to his word.
2. It is bad because the dividend that has been growing for the past almost 6 years has now stalled. No decrease, but growth has been halted. Jeff is being true to his word on this one.
I guess I was hoping that BOD would see fit to spread a little wealth if things were truly going better than planned. However, I can’t help but wonder if things could change given the current economic climate. Maybe the BOD is making sure that no issues arise that cannot be handled while the company transforms itself.
Well, Jeff is being true to his word. What would truly show confidence would be those continued inside buys and execution on the plan going forward. Since my dividends are going to be staying put for the next few quarters, I do expect to hear about all the facets of the turnaround and how they should positively impact the stock price. After all, if the dividends are not growing, I am certainly looking to see Capital Appreciation (CA).
I truly want both dividend growth and CA. I will accept stagnant dividend as long as I see CA. However, I am not going to be excited by stagnation of the dividend, as well as, no CA.
Robert the DividendDreamer
AKA — Seeking Dividends
Follow me on Twitter– Seeking Dividends@DividendDreamer
AKA — DividendDreamer