I’m getting more and more pleased with GE (NYSE:GE), which I bought earlier this year on a hunch that has panned out fairly well to date. The company is now enjoying the benefits of an upstream dividend from a leaner, meaner GE Capital group, and is able to pass that cash along to investors since GE has gotten out from under the TARP umbrella. More important, while recent earnings reports are mixed, GE’s overall business picture is picking up very nicely.
The company also just opened up a relationship with Brazil-based Petrobras to manufacture wellheads, and continued bumps to its 17 cents per share dividend, which currently yields 3%, look likely. All for a price under $25 per share today.