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Change within General Electric`s Capital

ecPulse
2013-05-20 20:12PM UTC

Recently it was reported that the huge U.S corporation; General Electric Co., is planning to extract $6.5 billion in dividends from its financial unit this year to actually rise shareholder rewards while shrinking the business.

This was an initiative move by Chief Executive Officer Jeffrey Immelt while those payments from GE Capital will consist of 30 percent of its total 2013 profit, or about $2 billion, and a $4.5 billion special dividend.

And he actually added that: "this announcement is consistent with our goal to reduce the overall size of GE Capital and for it to return significant cash to GE”

 

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