It's time for change at General Electric (GE) , according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.

"GE, right now, reflects a 15 cent cut in the quarterly dividend," Cramer said, referring to investors' fears that GE may reduce its dividend in an effort to turnaround the company.

Earlier this month, GE announced the departures of a host of executives, including its chief financial officer and vice chairman. Activist investor Ed Garden of Trian Partners was added to the company's board this month. 

The company reports quarterly earnings on Friday. GE is the worst performing Dow stock so far this year, with shares down 26.6%, compared to the S&P 500's 14.2% gain.

GE is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells GE? Learn more now.

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