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GE Aerospace Board of Directors Authorizes Regular Quarterly Dividend

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GE Aerospace (NYSE: GE) announces a $0.28 per share dividend for shareholders, payable on April 25, 2024.
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Insights

The announcement of GE Aerospace's dividend declaration is a key indicator of the company's financial health and its commitment to returning value to shareholders. A dividend payment, especially in the aerospace sector, which can be capital intensive, suggests a level of confidence in the company's cash flow and profit generation capabilities. The size of the dividend, $0.28 per share, should be compared with historical payments to assess if this reflects an increase, stability, or decrease in shareholder returns over time.

Investors typically view regular and consistent dividend payments as a positive signal, often interpreting them as a company's strong performance and stable earnings. However, it is also important to consider the payout ratio, which indicates what proportion of earnings is being paid out as dividends. An excessively high payout ratio could be unsustainable in the long term, whereas a low ratio might suggest room for future increases in dividend payments or reinvestment in the business for growth.

From a market perspective, the declaration of a dividend by GE Aerospace could influence investor sentiment and stock market performance. Dividends are often factored into the valuation models of stocks, with many investors seeking out dividend-paying stocks for the income they provide, particularly in a low-interest-rate environment.

Moreover, the timing of the dividend declaration and the ex-dividend date are important for investors. The ex-dividend date is particularly important because it determines the cutoff for eligibility to receive the dividend. Investors must own the stock before the ex-dividend date to be entitled to the dividend payment. This can lead to increased trading volume before the ex-dividend date as investors position themselves to capture the dividend.

EVENDALE, Ohio--(BUSINESS WIRE)-- The Board of Directors of GE Aerospace (NYSE: GE) today declared a $0.28 per share dividend on the outstanding common stock of the Company. The dividend is payable April 25, 2024, to shareholders of record at the close of business on April 15, 2024. The ex-dividend date is April 12, 2024.

About GE Aerospace

GE Aerospace (NYSE: GE) is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. With a global team of 52,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com.

GE Aerospace’s Investor Relations website at https://www.geaerospace.com/investor-relations and our corporate blog at https://www.geaerospace.com/news/articles, as well as GE Aerospace’s social media accounts, contain a significant amount of information about GE Aerospace, including financial and other information for investors. GE Aerospace encourages investors to visit these websites from time to time, as information is updated and new information is posted.

GE Aerospace Investor Contact:

Steve Winoker, 617.443.3400

swinoker@ge.com

GE Aerospace Media Contact:

Nicole Sizemore, 203.945.9783

nicole.sizemore@ge.com

Source: GE Aerospace

FAQ

What dividend did GE Aerospace declare for shareholders?

GE Aerospace declared a $0.28 per share dividend for shareholders.

When is the dividend payable to shareholders?

The dividend is payable on April 25, 2024.

When is the ex-dividend date for GE Aerospace?

The ex-dividend date for GE Aerospace is April 12, 2024.

GE Aerospace

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191.70B
1.08B
0.16%
80.36%
1.01%
Aerospace & Defense
Electronic & Other Electrical Equipment (no Computer Equip)
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United States of America
EVENDALE