General Electric's board has approved a 4% increase in the quarterly dividend to $0.24 per share. The dividend is payable on 25 January to shareholders of record at the close of business on 27 December. The ex-dividend date is 22 December. Chairman and chief executive Jeff Immelt said: "GE has continued to deliver for our shareholders in 2016. "We have a disciplined capital allocation strategy with a plan to return approximately $30 billion of cash to shareholders this year. This dividend increase is in line with our multi-year capital allocation framework to have a dividend payout ratio of 45-50% and then grow the dividend in line with earnings. We are positioned for long-term transformational growth across our Digital Industrial businesses."
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