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Top 11 Dow Dividend Stocks for September

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#7: General Electric

General Electric GEYTD Stock Performance: +11%
Dividend Yield: 3.2%
Sector: Industrial conglomerate

General Electric (GE) has a bad name among dividend investors because of its big crises-era cut to distributions. Namely, GE dividends went from 31 cents to 10 cents for a 68% reduction in 2009. It also doesn’t help that even five years removed from the bankruptcy of Lehman Brothers and the subsequent market meltdown, GE stock still is off about 40% from its 2007 highs.

But while the damage hasn’t been reversed for long-time shareholders, new money might  find a bright future in GE now that its dividend is back on the mend. At 19 cents a share, it’s up to a 3.2% yield. And it’s important to note that this spring the embattled

GE Capital division is paying $6.5 billion in dividends, too.

GE faces headwinds, of course, what with a weak macro picture weighing on its all-important infrastructure segment, and the fallout from Fukushima damaging its nuclear energy biz. But stable aerospace business and continued growth in healthcare makes this diversified industrial a decent bet for the long haul.

Article printed from InvestorPlace Media,

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