JP Morgan's 'bottom line' on GE: It needs to cut the dividend again

General Electric's turnaround plan will require the company cut its quarterly dividend again, J.P. Morgan analyst Stephen Tusa says. "The bottom line is that we see the need to de-risk substantially, which includes the need for cash and a cut to the dividend to help with operational de-levering," the analyst says in a note. GE already cut its dividend in half last year, from 24 cents per share to 12 cents.
Mon, Jun 4 20183:15 PM EDT