General Electric shares plunged 8.8 percent, briefly trading below $10 a share, on Tuesday after multiple Wall Street analysts warned clients that new CEO Larry Culp's cut to the quarterly dividend to just a penny a share may be just the beginning of a slow and difficult process.

GE shares fell as low as $9.87 on Tuesday, their lowest levels since hitting $9.80 a share in April 2009 during the financial crisis. The stock recovered some to close at $10.18 in what was still its worst single day of trading since March 2009.

Along with a dividend cut, the company:

took a $22 billion charge in the third quarter related to acquisitions in its power business

said the SEC and the DOJ were widening their probes into the company's accounting practices because of that charge

reported adjusted earnings and revenue for the third quarter that missed Wall Street expectations and a GAAP loss of $2.63 a share in the period

said it was splitting its power business into two separate units

reported a 25 percent increase in profits from last year for the aviation unit

said it expects to retain about $3.9 billion in cash a year as a result of the dividend cut

Here's a wrap of what major Wall Street analysts had to say about GE's many announcements: