GM is reinstating quarterly cash dividends. The new rate is $0.09 per share, a 76% reduction from the pre-pandemic $0.38 at the time of its suspension in April 2020. They also increased their common stock buyback funds to $5b from $3.3b.
The investors been askin’. Both moves are part of CEO Barra's plan to "consider all opportunities to return all excess capital to shareholders" while prioritizing electrification efforts.