GE Vernova Doubles Dividend and Expands $10 Billion Buyback as AI Power Demand Supercharges 2028 Outlook
GE Vernova raised its 2028 revenue target to $52 billion and boosted its adjusted EBITDA margin goal to 20% at its December 9 Investor Update. The company doubled its quarterly dividend to $0.50 per share and expanded its share repurchase program to $10 billion. Shares hit record highs following the announcement.