General Electric Pays a Healthy Dividend

General Electric (GE), the huge conglomerate, pays a one dollar dividend for a 2.90 percent yield. Because GE is in so many businesses, some people like to think GE is a surrogate for the broad stock market. So if you want to own one stock that speaks to diversification, GE might be right for you.

But be careful with GE. Its price pattern looks bearish because a descending triangle may be forming. GE has support at $32 and resistance from $36 to $37.

Posted March 23, 2006.