Culp split GE into three companies and wound up piloting the leader in jet engines for commercial aircraft.
EVENDALE, Ohio, June 21, 2024--The Board of Directors of GE Aerospace (NYSE: GE) today declared a $0.28 per share dividend on the outstanding common stock of the Company. The dividend is payable July 25, 2024, to shareholders of record at the close of business on July 11, 2024. The ex-dividend date for the NYSE is July 11, 2024.
GE Aerospace is developing a hybrid electric engine with the hopes it will power next-generation narrow-body jets by the middle of the next decade. While the technology is still being tested, should GE be successful, it could produce hybrid-engine jets - like a Toyota Prius of the skies - that would go a long way toward cutting the aviation industry's carbon emissions worldwide, half of which come from single-aisle jets. Hybrid cars are common on the roads, but decarbonizing the aerospace industry is considered much more difficult.