Bullish
GM's Board Approves $6 Billion Share Repurchase Plan and Dividend Increase
General Motors' Board of Directors has approved a new $6 billion share repurchase authorization, including a $2 billion accelerated share repurchase (ASR) program. Additionally, the quarterly common stock dividend rate will increase by $0.03 per share, effective with the next planned dividend. These actions reflect GM's strong financial position and commitment to returning value to shareholders.
Key points
- GM's Board approves a $6 billion share repurchase plan, including a $2 billion ASR.
- Quarterly dividend rate increased by $0.03 per share, effective with the next planned dividend.
- Capital spending in 2025 expected to be in the range of $10 billion - $11 billion.
- Research and product development spending expected to be more than $8 billion.
Sources
AI-generated from public news sources. Not financial advice.
