The logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico, on May 12, 2017. REUTERS/Daniel Becerril

(Reuters) - General Electric Co GE.N said on Monday it would halve its quarterly dividend to 12 cents per share.

This is the third time in its history that the 125-year-old industrial conglomerate has cut its dividend.