GE cuts quarterly dividend by half

CEO reveals plans to sharpen focus, shed some units


Photographs by AP/RICHARD DREW

The General Electric logo is displayed above a trading post on the floor of the New York Stock Exchange in June. GE said Monday that it is cutting its quarterly dividend by 50 percent as the company weighs the future of its transportation, industrial, and lighting businesses, its most profitable divisions.

General Electric, the nation's largest industrial company, cut its dividend Monday, only the second time it has done so since the Great Depression.

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