General Electric (GE) will lower its quarterly dividend by 50 percent to $0.12 per share in the fourth quarter of 2017. Last year the dividend was increased by $0.01 to $0.24 per share. Dow component GE also cut its dividend in 2009.

The next dividend is payable January 25, 2018 to shareholders of record on January 27, 2018. The ex-dividend date will be December 26, 2017. Including 2009 and the lowered dividend back in the days during the Great Depression GE has now cut its dividend three times since the first payment in 1899.

General Electric Company is a global digital industrial company. The company's products and services range from aircraft engines, power generation and oil and gas production equipment to medical imaging, financing and industrial products. GE has paid a dividend every year since 1899.