Published December 12, 2014 12:35pm EST | Updated January 8, 2015 3:03pm EST

GE To Raise Quarterly Dividend By 5% To 23 Cents a Share

GE said Friday it is raising its quarterly dividend 5% to 23 cents a share from 22 cents a share. The new dividend will be payable Jan. 26, 2015 to shareholders of record as of Dec. 22. Shares were down about 1%, and are down 10.3% in the year so far, while the Dow Jones Industrial Average is up 5.1%.