Well, if they are buying here, they have to expect GE to see appreciation in stock price. I really find it hard to believe that Cramer would buy anything just for the sake of the dividends.
As far as the dividends go, the return has dropped well below 3% recently, so that alone can’t be a huge draw going forward. Add to that the freeze for the rest of this year, and the dividend is not really a big selling point anymore. I feel that price appreciation is where GE will shine in the mid term (2 Years). I am hoping the gears line up and everything starts firing in the right order and possibly test the all time high somewhere in the next 2-3 year period. You never know how things are going to turn out, but GE is doing exactly what the analysts have been begging for, and eventually it will be rewarded with increased stock valuation if the EPS continues to move higher.
Good luck to all.
Robert the DividendDreamer
AKA — Seeking Dividends
Follow me on Twitter– Seeking Dividends@DividendDreamer
AKA — DividendDreamer