/ General Motors, Industry, News / GM ready to pay quarterly dividend after six years

GM ready to pay quarterly dividend after six years

Linked In Share
GM ready to pay quarterly dividend after six years

General Motors, marking another step in the U.S. automaker’s recovery from its bankruptcy in 2009 and sending shares up 3.2 % in after-hours trading, announced it would pay the first quarterly dividend on its common stock in almost six years.

The No. 1 U.S. automaker, which last paid a dividend in June 2008 before it moved to save money during the U.S. recession, said it will pay shareholders a quarterly dividend of 30 cents a share, payable on March 28 to shareholders of record on March 18. In 2008, its quarterly dividend was 25 cents a share.

“This return to shareholders is consistent with our capital priorities and is an important signal of confidence in our plans for a continuing profitable future,” Chief Financial Officer Dan Ammann said in a statement.

Investors have been pushing GM to return cash to them in the form of a dividend or a stock buyback, especially since the U.S. Treasury sold the last of its stake in the company last month. The dividend reintroduction by GM, which is showing new cars and trucks this week at the Detroit auto show, is likely to attract investors who buy stocks that generate income.

GM already pays a dividend on preferred stock. Rival US automaker Ford resumed paying a common dividend in March 2012 after suspending it for more than 5-1/2 years. Last week, Ford boosted its quarterly dividend by 25 percent to 12-1/2 cents per share.
GM ended the third quarter last year with total automotive liquidity of $37.3 billion.

Via Reuters

by Aurel Niculescu (my Google+) - Wednesday, January 15th, 2014 - filed under General Motors, Industry, News. Image credit: .
Linked In Share
Related Articles
dividend GM stock


Discuss: GM ready to pay quarterly dividend after six years

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Wolff injured in cycling crash
Wolff injured in cycling crashJul.23 (GMM/Inautonews.com) Toto Wolff is expected to attend this weekend's Hungarian grand prix, despite undergoing surgery on ...
Review – German GP 2014
Review – German GP 2014Taking Rosberg’s easy win out of the picture, the German GP was truly spectacular, full of wheel-to-wheel racing, some of the ...
2015 Hyundai Tucson gets launched in the U.S.
2015 Hyundai Tucson gets launched in the U.S.The 2015 Hyundai Tucson is now available in dealerships across the United States for a base price of 21,500 USD, without the 875 ...
2015 Smart ForTwo Brabus spied for the very first time
2015 Smart ForTwo Brabus spied for the very first timeOur spy photographers have managed to capture the brand new Smart ForTwo Brabus on camera for the very first time. Daimler’s ...
2015 Audi Q7 spied
2015 Audi Q7 spiedThe German based automaker Audi is currently developing an updated version of the Q7 which will make its way onto the market ...
Slightly updated Mercedes-Benz M-Class seed in the U.S.
Slightly updated Mercedes-Benz M-Class seed in the U.S.A modest facelift will soon be applied to the popular Mercedes-Benz M-Class as the test mule pictured below has been seen, with ...
Red Bull rivals ‘target’ Vettel – Marko
Red Bull rivals ‘target’ Vettel – MarkoJul.23 (GMM/Inautonews.com) McLaren and Mercedes have targeted Sebastian Vettel, the German magazine Sport Bild reported on ...
Facelifted Jaguar XJ spied
Facelifted Jaguar XJ spiedThe facelifted version of the Jaguar XJ is currently in development as the model should make its official debut by the end of ...
Honda NSX test mule gets spied
Honda NSX test mule gets spiedOur spy photographers have managed to provide us with new spy photos of the upcoming Honda NSX which has been recently caught on ...
US: auto journalists make record coast-to coast run in Tesla Model S
US: auto journalists make record coast-to coast run in Tesla Model SKudos to our fellow peers, which unassisted by Tesla, set out to prove electric cars can be fast, reliable and fun in a record ...
[VIDEO] Ferrari 458 Italia gets crashed in Latvia by drunk driver showing off
[VIDEO] Ferrari 458 Italia gets crashed in Latvia by drunk driver showing offThis impressive Ferrari 458 Italia will need some important servicing in order to return to its former glory after its driver, ...
Consumer Reports rates high Buick’s Regal
Consumer Reports rates high Buick’s RegalThe 2014 Buick Regal was considered by the highly influential magazine as the second-best pick in the premium sedan segment, just ...
Australian recall roundup: Holden VF Commodore and Holden WN Caprice
Australian recall roundup: Holden VF Commodore and Holden WN CapriceAustralia’s Holden car company has recently announced a recall for the VF Commodore and for the WN Caprice because of an ...
Matte Black Lamborghini Aventador gets crashed in Taiwan
Matte Black Lamborghini Aventador gets crashed in TaiwanAnother Lamborghini Aventador supercar has been recently crashed in Taiwan after its driver lost control of the wheel and met a ...
Recall roundup: Chrysler Group Durango and Grand Cherokee
Recall roundup: Chrysler Group Durango and Grand CherokeeChrysler has issued a new recall, this time for the Dodge Durango and for the Jeep Grand Cherokee, because of a problem with ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 hyundai tucson 2
Smart Brabus 01
Audi Q7 01
Mercedes ML Facelift 03
Jaguar XJ Facelift 01
Honda NSX 01
lamborghini aventador crash taiwan 1
pagani huayra delivered new us united states miller motors 2014 1
2015 smart fortwo cabrio render 1
audi r8 fire london 1
2010 chevrolet camaro ss tuning dd customs 1
2015 ford f-150 1

More automotive from inautonews
Taking Rosberg’s easy win out of the picture, the German GP was truly spectacular, full of wheel-to-wheel racing, some of the overtakes backfiring against the initiator. Lewis Hamilton made an excellent recovery from 20th on the grid to the rostrum, but his performance should be seen in the ...
read more
Inautonews Editors Section
Review – German GP 2014
Review – German GP 2014Taking Rosberg’s easy win out of the picture, the German GP was truly spectacular, full of wheel-to-wheel racing, some of the overtakes backfiring ...
Britain and Germany go to war
Britain and Germany go to war1995, the German Grand Prix at the old Hockenheimring. Damon Hill leads at the end of lap one ahead of Schumacher but loses the car at the first ...
Racing tracks – sleeping pill or energy drink?
Racing tracks – sleeping pill or energy drink?The racing weekend took us across the whole world last weekend, with dull or spectacular racing being influenced not only by the quality of the ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Australian recall roundup: Holden VF Commodore and Holden WN CapriceAustralia’s Holden car company has recently announced a recall for the VF Commodore and for the ... Recall roundup: Chrysler Group Durango and Grand CherokeeChrysler has issued a new recall, this time for the Dodge Durango and for the Jeep Grand Cherokee, ...
Safety Section