GE Aerospace Stock Hits $155.76 in 2025 After 250% Dividend Boost
In 2025, GE Aerospace dramatically increased its quarterly dividend by 250%, driving shares to surge over 5%, spotlighting the jet engine maker's strong market presence post-spin-off.
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Highlights
- GE Aerospace's stock jumped more than 5% following a 250% rise in its quarterly dividend.
- The dividend increased from 8 cents to 28 cents per share, payable April 25, 2024, to shareholders recorded by April 15, 2024.
- This milestone follows GE Aerospace's recent spin-off from GE Vernova, marking its independent trading debut.
Shares of GE Aerospace (NYSE: GE) soared above 5% in intraday trading on Friday, April 5, 2024, after its board approved a significant 250% increase in the quarterly dividend payout. The new dividend will be 28 cents per share, up from 8 cents, with payments scheduled for April 25, 2024, to all shareholders on record as of April 15, 2024. The ex-dividend date is set for April 12, 2024.
As one of the three entities spun off from General Electric this year, GE Aerospace officially began trading separately earlier this week following its split from GE Vernova (GEV). The other major spin-off, GE Healthcare Technologies (GEHC), commenced independent trading in January 2024.
Under the leadership of former GE CEO Larry Culp, GE Aerospace is focused on innovation in aviation, emphasizing safety and advancing the future of flight. Culp stated that the company possesses a robust balance sheet and a sharpened focus to elevate air travel technology.
By 3:30 p.m. ET on Friday, April 5, 2024, GE Aerospace shares climbed 5.7% to $155.76, reflecting a 14% gain since the spin-off's trading debut earlier this week.
Correction—April 8, 2024: This article was updated to accurately reflect the date when GE Healthcare Technologies began trading independently.
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