Company plans to return majority of funds to shareholders
- GE Aerospace announces $15 billion share repurchase program
- GE Aerospace to become standalone company on April 2
- Plan to return 70-75% of available funds to shareholders
- Affirms 2024 guidance for free cash flow and operating profit
- Expects operating profit of $7.1 billion to $7.5 billion in 2025
- GE stock on track for ninth straight weekly gain
Shares of General Electric Co. rose in premarket trading after the company’s GE Aerospace business announced a $15 billion stock repurchase program. GE Aerospace, which will become a standalone company on April 2, plans to return about 70-75% of available funds to shareholders, including a dividend payout of 30% of net income. The company also affirmed its 2024 guidance for free cash flow and operating profit, and expects an operating profit of $7.1 billion to $7.5 billion in 2025. GE stock is currently on track for a ninth straight weekly gain.
Factuality Level: 3
Factuality Justification: The article provides detailed information about General Electric Co.’s GE Aerospace business and its stock repurchase program, dividend payout, and financial guidance. However, the article lacks context on potential risks or challenges facing the company, and it does not provide a balanced view of the overall situation. The article also contains unnecessary details about the stock’s recent performance and comparisons to the S&P 500, which are tangential to the main topic.
Noise Level: 2
Noise Justification: The article provides relevant information about General Electric Co.’s stock repurchase program, spinoff of the energy business, dividend payout, and financial guidance. It stays on topic and supports its claims with specific details and data. However, it lacks in-depth analysis, accountability, and antifragility considerations.
Financial Relevance: Yes
Financial Markets Impacted: General Electric Co. (GE)
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses General Electric’s stock repurchase program, its financial guidance, and the performance of its stock in the market.
Public Companies: General Electric Co. (GE)
Key People: GE Aerospace business (Standalone company)
Reported publicly:
www.marketwatch.com 
