5 Dividend Aristocrats That Slashed Their Dividends

In this article, we discuss 5 dividend aristocrats that slashed their dividends. If you want to read our detailed analysis of dividend aristocrats and their performance over the years, go directly to read 10 Dividend Aristocrats That Slashed Their Dividends. 

5. General Electric Company (NYSE:GE)

Date Removed from S&P Dividend Aristocrats: 2009

General Electric Company (NYSE:GE) is an American diversified multinational conglomerate with operations in various industries. In 2009, the company put an end to its 32-year streak of consistently increasing dividends, marking a deviation from its longstanding pattern of dividend growth. The company currently offers a quarterly dividend of $0.08 per share and has a dividend yield of 0.25%, as of January 15.

The number of hedge funds tracked by Insider Monkey owning stakes in General Electric Company (NYSE:GE) grew to 76 in Q3 2023, from 71 in the previous quarter. The collective value of these stakes is over $10.3 billion. With over 41.6 million shares, TCI Fund Management was the company’s leading stakeholder in Q3.