GE (NYSE: GE) increased its share repurchase program to $14 billion for 2007 and now expects that $12 billion of the program will be completed between now and year end.
GE is a diversified technology, media and financial services company focused on solving some of the world’s toughest problems.
PAYOUT YIELD ANALYSIS
With 10.3 billion shares outstanding, the $14 billion repurchase will yield $1.36 per share when completed. The annualized dividend of $1.12 combined with the $1.36 from the repurchase program will result in a Total Payout of $2.48 per share over the next 4 quarters. At $39 per share, the Total Payout Yield is projected to be 6.4%.
- Payout Yield Staff