GE Vernova

GE Vernova is the energy business carved out of General Electric in 2024, combining power generation, wind and gas turbines, grid equipment and electrification technology. It sits at the center of long-term trends in power demand, renewables and grid modernization, though its wind segment has been a source of losses and restructuring. GE Vernova has only just begun paying a dividend and has a very short track record, so its payout policy is still forming. The current yield is low and the company is prioritizing turnaround, order-book execution and reinvestment over distributions. This is an early-stage capital-return story attached to a large energy franchise, and income should be viewed as incidental rather than the reason to hold it.