Dow Chemical Co. (NYSE: DOW) probably would have had a much better day if the market did not plunge at the end of the day. This is something that we suspect General Electric Co. (NYSE: GE) will follow soon. 3M Co. (NYSE: MMM) recently hiked its dividend, but it was a small hike and its dividend is now close to 4%. With 10.5 billion shares, GE could save over $1 billion per dime it trims from that dividend. If it is announced on top of other bad news or in the middle of a horrible market day, then it likely won’t get the proper reception.