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GE Board of Directors Authorizes Regular Quarterly Dividend

February 6, 2009

Categories:
GE Corporate
Earnings & Dividends
FAIRFIELD, Conn.--(BUSINESS WIRE)--The Board of Directors of General Electric Company (NYSE:GE) today authorized a regular quarterly dividend of $0.31 per outstanding share of the Company’s common stock. The dividend is payable April 27, 2009, to shareowners of record at the close of business on February 23, 2009. The ex-dividend date is February 19, 2009. This dividend payment will complete the dividend for the first half of 2009.

GE Chairman and CEO Jeff Immelt said, “The Board and I believe that it is in the best interests of the Company’s shareowners to continue to pay an attractive dividend. The Board and I will continue to evaluate the Company’s dividend level for the second half of 2009 in light of the growing uncertainty in the economy, including U.S. government actions, rising unemployment and the recent announcements by the rating agencies. Our fundamental priorities will remain keeping the Company safe and secure in the current environment and investing in attractive growth opportunities.”

GE has taken steps to strengthen its liquidity position, including reducing GE Capital Services' commercial paper from $88 billion in 3Q ’08 to $60 billion today. GE also has raised 64% of its long-term funding for 2009. The company has $48 billion in cash on hand.

GE (NYSE: GE) is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. GE is Imagination at Work. For more information, visit the company's Web site at http://www.ge.com.

Caution Concerning Forward-Looking Statements:

This document contains “forward-looking statements”- that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” believe,” “seek,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: the severity and duration of current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of U.S. and foreign government programs to restore liquidity and stimulate national and global economies; the impact of conditions in the financial and credit markets on the availability and cost of GE Capital’s funding and on our ability to reduce GE Capital’s asset levels and commercial paper exposure as planned; the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults; our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so; the soundness of other financial institutions with which GE Capital does business; the adequacy of our cash flow and earnings to maintain our quarterly dividend at the current level; the level of demand and financial performance of the major industries we serve, including, without limitation, air and rail transportation, energy generation, network television, real estate and healthcare; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks; strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses; and numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive nature. These uncertainties are described in more detail under “Risk Factors” in our Current Report on Form 8-K dated October 1, 2008 and our Quarterly Report in Form 10-Q for the quarter ended September 30, 2008. We do not undertake to update our forward-looking statements.

Contact Information

Russell Wilkerson
Name
Russell Wilkerson
Job Title
Division
GE Capital, Managing Director of Communications and Public Affairs
Phone
+1 203 840 6420
Fax
Mobile
+1 203 581 2114
Email
russell.wilkerson@ge.com
Trevor Schauenberg
Name
Trevor Schauenberg
Job Title
Division
GE Corporate, VP Investor Communications
Phone
+1 203 373 2424
Fax
Mobile
Email
trevor.a.schauenberg@ge.com