General Motors (GM) Gains After Reinstating Quarterly Dividend

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Go back to General Motors (GM) Gains After Reinstating Quarterly Dividend

GM Announces Return of Capital to Shareholders

August 19, 2022 8:00 AM EDT

DETROIT, Aug. 19, 2022 /PRNewswire/ -- General Motors Co. (NYSE: GM) announced today that its Board of Directors has authorized the reinstatement of a quarterly cash dividend on the company's outstanding common stock at a rate of $0.09 per share. The first dividend will be paid on Sept. 15, 2022, to shareholders of record as of the close of business on Aug. 31, 2022.

GM also announced it will resume opportunistic share repurchases. This week, the Board increased the capacity under the company's existing repurchase program to... More