After having unveiled new mining initiatives earlier this week, Immelt has talked up the conglomerate’s industrial organic revenue growth to about 10% after a prior forecast of 5% to 10%. GE also signaled that it will record a gain of about three-cents per share in the third quarter period due to its prior stake sale of NBC-Universal.
Shares hit $22.69 today and that is not just a high for the last 52-weeks. This is a high going back to late in 2008 when GE was in free-fall along with just about every other company as the great recession was ripping apart America.
At today’s meeting the conglomerate is having presentations from executives in the following areas: Aviation, Oil & Gas, Healthcare, Energy Management, H&BS, Transportation and Power & Water.
The entire slide show can be accessed here.
Our take is simple here. This is just one more supporting argument for why GE will raise its dividend at the end of this year for 2013.
JON C. OGG
Contact [email protected] for any questions or corrections.
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