Bloomberg: GE to Return $26B to Shareholders Following Industrial ‘Pivot’



Bloomberg reported that GE will return $26 billion through dividends and stock repurchases in 2016 to shareholders following the implementation of its plan to sell of financial assets and focus on the industrial side of the business.

In Bloomberg’s report, GE CEO Jeffrey Immelt said, “We got a ton done this year. Essentially we completed the portfolio pivot. We’re returning a lot of cash to investors.”

According to Bloomberg, Immelt expects sales and profits to rise in a slow-growth environment in 2016 as the company builds on 2015’s momentum.


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