Reported 4 months ago
General Electric, once a quintessential dividend growth stock, faced challenges during the subprime mortgage crisis and Great Recession but has now reorganized into three corporations: GE Aerospace, GE HealthCare Technologies Inc., and GE Vernova Inc. GE Aerospace, performing well in commercial and defense markets, has seen its stock price rise since 2016 with improved financials and capital allocation strategies, including increased dividends. While it may take time, GE shows potential as a dividend growth stock again, making it a recommended buy.
Source: YAHOO