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, reflecting the company's strong financial performance 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 common stock dividend rate increased by $0.03 per share.
- No significant market-moving news reported in the last 24 hours.
Sources
AI-generated from public news sources. Not financial advice.
