November 13, 2017 / 11:32 AM / a month ago

BRIEF-GE to reduce quarterly dividend in conjunction with revised capital allocation framework

Nov 13 (Reuters) - General Electric Co

* GE plans to reduce quarterly dividend in conjunction with revised capital allocation framework

* General Electric Co - determined to set company’s quarterly dividend to a projected payout of $.12 per outstanding share of company’s stock​

* General Electric Co - new dividend ‍represents a 50 pct reduction from current quarterly dividend of $0.24​

* General Electric Co - ‍change in dividend will be effective beginning with board’s next dividend declaration, which is expected to occur in December​ Source text for Eikon: Further company coverage:

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