Both General Electric (GE) and US Bancorp (USB) announced increases in their quarterly cash dividends this week.
General Electric
General Electric announced a 10.7% increase in its quarterly dividend to 31 cents per share versus 28 cents per share in the same quarter last year. GE's 5-year historical dividend growth rate is about 9% versus the recent rate increase of 10.7%. The new payout ratio is approximately 51% based on 2008 estimated earnings of $2.42. The 5-year historical average payout ratio is about 51% as well.
US Bancorp
US Bancorp announced a 6.25% increase in its quarterly dividend to 42.5 cents per share versus40 cents per share in the same quarter last year. USB's 5-year historical dividend growth rate is about 15% versus the recent rate of increase of 6.25%. The new payout ratio is approximately 61% based on 2008 estimated earnings of $2.80. The 5-year historical average payout ratio is about 48% as well.
General Electric
General Electric announced a 10.7% increase in its quarterly dividend to 31 cents per share versus 28 cents per share in the same quarter last year. GE's 5-year historical dividend growth rate is about 9% versus the recent rate increase of 10.7%. The new payout ratio is approximately 51% based on 2008 estimated earnings of $2.42. The 5-year historical average payout ratio is about 51% as well.
US Bancorp
US Bancorp announced a 6.25% increase in its quarterly dividend to 42.5 cents per share versus40 cents per share in the same quarter last year. USB's 5-year historical dividend growth rate is about 15% versus the recent rate of increase of 6.25%. The new payout ratio is approximately 61% based on 2008 estimated earnings of $2.80. The 5-year historical average payout ratio is about 48% as well.
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