The Zhitong Finance App learned that GE Vernova (GEV.US) shares rose nearly 6% in Tuesday night trading after the company announced that it would double dividends, increase share repurchase authorizations, and raise profit expectations. The turbine maker raised its quarterly dividend to $0.50 per share and raised the share repurchase authorization from $6 billion to $10 billion, mainly due to a large and growing backlog of orders, strong profit margins, and better hiring prices.

The Zhitong Finance App learned that GE Vernova (GEV.US) shares rose nearly 6% in Tuesday night trading after the company announced that it would double dividends, increase share repurchase authorizations, and raise profit expectations. The turbine maker raised its quarterly dividend to $0.50 per share and raised the share repurchase authorization from $6 billion to $10 billion, mainly due to a large and growing backlog of orders, strong profit margins, and better hiring prices.