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GE Profit Jumps 77 Percent

GE’s Profit Jumps 77%

By BOB SECHLER

General Electric Co. reported a 77% increase in first-quarter earnings, lifted by marked improvement at its GE Capital financing arm and gains at most of its industrial units.

The company also boosted its quarterly dividend by a penny to 15 cents. The move marks GE’s third dividend increase in the past year, although the payout remains well short of GE’s 31-cent dividend before the financial crisis and economic downturn.

 

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GE Profit Jumps 77 Percent

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