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I said before that it looks like GE will cut its dividend. What do I know? The company came out today and confirmed that it will pay its 31 cent dividend through 2009. That works out to a dividend yield of 7.7%. That's more than twice the 10-year Treasury. GE currently has one of the largest dividend yields among major industrial companies.

Posted by edelfenbein at November 18, 2008 11:48 AM