Automotive

GM To Reinstate Shareholder Dividends Sept. 15

You can’t put a price on investor confidence! Er well, $0.09 per share per quarter, but who’s counting?
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 GM To Reinstate Shareholder Dividends Sept. 15

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.

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