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GE in February increased its common share buyback authorization to $35 billion from $25 billion. The company repurchased $1.9 worth of shares during the first quarter. Immelt has previously said the company's 2013 share repurchases would total about $10 billion.
General Electric's shares have returned 4% year-to-date, following a 21% return during 2012.
Based on a quarterly payout of 19 cents, the shares have a dividend yield of 3.49%.The shares trade for 13.0 times the consensus 2014 EPS estimate of $1.67. The consensus 2013 EPS estimate is $1.67. Interested in more on General Electric? See TheStreet Ratings' report card for this stock. -- Written by Philip van Doorn in Jupiter, Fla. >Contact by Email. Follow @PhilipvanDoorn