Reuters: GE slashing payout to protect "flexibility"

[chris]

GE slashing payout to protect "flexibility"
      
   
      

BOSTON (Reuters) - General Electric Co plans to cut its quarterly dividend by 68 percent to 10 cents a share, starting in the second half of 2009, a move that it said would provide it with more "flexibility" in the face of a recession.<div class="feedflare">
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