John Buckingham shares insights into other companies that pay a dividend, like CMI, UTX, HON, IR, and ITW, now that GE has announced it is cutting its dividend by 50% (as of November 13, 2017).
Once-mighty General Electric Co. ( GE) had been one of the safest bets for generations of income-oriented investors. Not anymore. With a stumbling GE now burning through cash at an alarming rate, GE has announced it’s cutting its dividend by a startling 50 percent. This has left investors scrambling for safer alternatives.