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GE announced it would slash its dividend by 1/2 in order to create capital to fund a turnaround. The…

GE announced it would slash its dividend by 1/2 in order to create capital to fund a turnaround. The stock as of this writing is down -35% year to date. There are two takeaways when looking at a once strong company such as GE. First, dividend-paying stocks is not always a slam dunk strategy. Investors are told to just invest in good dividend paying stocks. You can't go wrong. Well, actually you can. Second, CNBC's Jim Cramer, who investors praise as an investment Guru, does make mistakes. He calls his investment in GE the worst mistake of his career. Wall Street and the media want to act on their principles are sure-fire ways to make money when in reality no one has it figured out.
https://www.cnbc.com/2017/11/13/general-electric-cutting-dividend-by-50-percent-to-12-cents-a-share-from-24-cents-a-share.html

General Electric slashes dividend by 50% as new CEO tries to turn around 125-year-old conglomerate
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