Investors are receiving 76 cents in dividends for a yield of 3.3%.
While not the worst it could have been for current investors, the shares still lost about 4% in the last month. I consider the recent drop in price to open up the window for new investors to come in and current investors to add. On the other hand, shares have really appreciated from a year ago, gaining 16%, and the average analyst target price is $25.53.
I have written many bullish articles about GE because it's a stock that continues to make my short list of stocks to buy and hold.
GE was an original Dow Industrials component more than a 100 years ago, I won't be the least bit surprised to find out it makes it another 100 years (hopefully we figure out how to extend our lives that long by then)Almost zero desire by short sellers to move against this stock. Short interest hardly moves the needle with only 0.8% of the float. GE Payout Ratio TTM data by YCharts
At the time of publication the author held no positions in any of the stocks mentioned. Follow @RobertWeinstein This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV