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Nor did stocks qualifying for lower dividend taxes outperform those, such as real estate investment trusts, that did not qualify for lower dividend taxes.
The lower dividend will save G.E. nearly $9 billion a year, the company said.
Earnings per share rose to $1.99, from $1.97, reflecting a lower dividend requirement on preferred stock.
Shareholders pay taxes at the ordinary income tax rate, not the lower dividend rate.
"We heard specifically from a number of shareholders that a stronger balance sheet and lower dividend payout would be attractive to them," he said.
Such disposals would involve a lower dividend but open the way to a higher valuation of the professional and international communications and data transmission activities.
Similar(34)
Bank profits would reduce and lower dividends would result.
These results collectively suggest that higher (lower) reporting quality leads to higher (lower) dividends.
Therefore, the "substitute" view suggests that higher reporting quality leads to lower dividends.
Japan's foreign-investment income is also shrinking, thanks to lower dividends and interest rates.
They fear the firm will pay out sharply lower dividends in future.
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