Huh, You learn something new everyday.Not GE but GM. This article caught my eye today.
General Motors displays Ultium batteries, EV platform variations and vehicle prototypes to press, analysts, and dealers outlining all-electric future. Morgan Stseekingalpha.com
You want big dividend yield try Iron Mountain (IRM) at 7.88% or an LP like Sunoco (SUN) at 11.62%
Not a fan of GE (They're the competition LOL).
I so missed the boat on dumping my XOM stock.
1) Dividend yield is based on a stock price and not just the payout. Therefore, a stock which has its share price driven down (based on shareholders perceived future value), will have a HIGHER dividend yield compared to a stock that pays out similiar money but has a more stable share price.
2) IRM's Dividend Payout Ratio (dividend compared to earnings) is 210.48%. They are returning to shareholders way more than they earn which is not sustainable.
IRM's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Dividend.com: The #1 Source For Dividend Investing.
Apparently, to be a REIT they HAVE to return 90% of their taxable income as dividends.
Is Iron Mountain a Great Dividend Stock? | The Motley Fool
SUN dividend payout ratio is 109%
GE is 6% (so they have plenty of income to justify the dividend)
GILD is 42%