GE Aerospace Announces Dividend and $15 Billion Stock Buyback as It Prepares for Independence

The aerospace division of General Electric sets ambitious profit goals and plans to return a significant portion of its earnings to shareholders.

GE Aerospace forecasts operating profit to reach $10 billion by 2028, up from a maximum of $6.5 billion expected this year.
The company plans to return 70% to 75% of available funds to shareholders, including a $15 billion stock buyback and an initial dividend payout at 30% of net income.
The aerospace unit will be what remains of General Electric following its split into three separate companies focused on aviation, healthcare, and energy.
Shares of General Electric rose to their highest level in more than six years following the announcement.
GE Aerospace's market value is estimated to be more than $100 billion after the spin-off, with a strong demand for its products and services underpinning continued growth.