General Electric Co. announced details of its new quarterly dividend, which the industrial conglomerate said last month it would cut in half to 12 cents a share. The new dividend will be payable Jan. 25 to shareholders of record on Dec. 27. The stock edged up 0.1% in afternoon trade to $17.73. At current prices, the new annual dividend rate implies a dividend yield of 2.71%, compared with the implied yield for the Dow Jones Industrial Average of 2.11%. GE shares have plunged 25.6% over the past three months and 43.9% year to date, while the Dow has rallied 11.4% over the past three months and 22.9% this year.
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