FinancialContent is the trusted provider of stock market information to the media industry.
May 03, 2011 at 08:16 AM EDT
General Electric and 3M Seek to Return Dividends to Pre-Recession Levels
The Bedford Report Provides Analyst Research on General Electric and 3M

NEW YORK, NY -- (Marketwire) -- 05/03/11 -- With the markets showing continued signs of volatility, investors are looking for safe havens. Dividend paying stocks traditionally get attention during hectic times in the market as investors are more likely to believe in the company's security and real earnings power. During the financial meltdown, several conglomerates were forced to cut their hefty dividend payments, however after posting improved profits in recent quarters, many industry heavyweights have begun returning more value to shareholders. The Bedford Report examines the outlook for companies in the Conglomerates Industry and provides research reports on General Electric Co. (NYSE: GE) and 3M Co. (NYSE: MMM). Access to the full company reports can be found at:

www.bedfordreport.com/2011-05-GE

www.bedfordreport.com/2011-05-MMM

Executives at General Electric said the company's profit growth should accelerate in the second half of this year and next as the company emerges from recession with a simpler group of businesses. With the company's bottom line improving, GE has now boosted its dividend in three consecutive quarters. The company's Chairman and Chief Executive Jeff Immelt called the latest dividend increase a show of confidence in GE's outlook but said the company aims to eventually return to its pre-recession tradition of predictable, annual increases. The company's 2009 dividend cut was the company's first in more than seventy years, Immelt calling it "the toughest decision (he) ever had to make as CEO."

The Bedford Report releases regular market updates on the Conglomerates Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

GE recently reported a first-quarter profit of $3.43 billion, or 31 cents a share, up from $1.95 billion, or 17 cents a share, a year earlier. Revenue rose 6.2% to $38.45 billion.

Last week 3M reported a 16 percent year-on-year increase in first quarter profit and raised its earnings forecast for the full year as sales skyrocketed in emerging markets such as China and Brazil. 3M projected that its earnings for the full year will be $6.05 to $6.25 a share. That's up from the previous forecast of $5.95 to $6.20.

Presently 3M pays an annual dividend of $2.20 for a yield of around 2.3 percent.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
The Bedford Report
Email Contact

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
   
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More