GE Talks Up Revenue Growth & Dividend Growth (GE)
General Electric Co. (NYSE: GE) is reaffirming its plan for continued double-digit sales gains in 2012 at Wednesday’s investor meeting discussing its global outlook and long-term global growth plans. As far as the double-digit growth, this is listed as “continued…
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The company has doubled revenues in twenty-seven countries in five years and it now notes that global revenue accounts for more than 55% of its total industrial revenues.
About 66% of GE’s $200 billion backlog comes from global markets, and over half of the total is from GE’s growth regions.
GE even gave a target that the global growth markets will constitute 50% of world GDP by he year 2025.
GE anticipates 20% to 25% growth in Resource Rich regions such as Latin America, Australia & New Zealand, the Middle East and Africa. GE sees 10% to 15% growth in Rising Asia – China, India and the Association of Southeast Asian Nations.
In 2011, GE’s revenue grew in China by 29%, in Latin America by 36%, in Sub-Saharan Africa by 14%, and in Australia & New Zealand, by 67%.
GE still plans to grow its dividend at roughly the same rate as income.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
