#7: General Electric
Current Dividend Yield: 3.4%
Performance So Far in 2013: +7%
Yes, this is the same General Electric (NYSE:GE) that jaded investors back in 2009, during the depths of the financial crisis, by cutting its 31-cent dividend all the way back to a mere dime a share.
But it’s at least trying to make amends.
Since that cutback, GE has nearly doubled its quarterly dividend to the current 19 cents per share, with the most recent increase coming at the tail end of last year and pushing General Electric into this list. Plus, GE Capital not only got the green light for a special dividend in 2012, but also regular dividends, which should only help bolster payout growth going forward.
Things have looked good from the overall performance front, too. Shares have slightly beaten the market so far, helped in part by an upbeat fourth-quarter earnings report that saw profits and revenues both beat Wall Street’s expectations. That report also included news of growth in China and a record $210 billion backlog.
Looking forward, improvements in GE Capital, the expansion of its energy equipment business and huge cost cuts should help General Electric keep pushing forward in 2013.