A little more than a week ago General Electric announced a 4.50% increase in its quarterly dividend for common stockholders. The dividend is raised from $0.22 to $0.23. The dividend pay date is January 26, 2015 to shareholders of record on December 22, 2014.
The new dividend amount represents an annualized dividend amount of $0.92 per share, up from $0.88. The dividend yield on current price is 3.09%.
Since I own 60 shares of GE, my annual dividends will increase by $2.40. My annual total amount from my shares of GE will be $55.20.