General Motors Board Approves Increase In Dividend, $6 Bln Share Repurchase

(RTTNews) - General Motors (GM) announced that its Board has approved a $0.03 per share increase in the quarterly common stock dividend rate beginning with the next planned dividend, as well as a new $6 billion share repurchase authorization. The company has entered into an accelerated share repurchase program to execute $2 billion of the share repurchase authorization. Outside of the ASR program, GM will have $4.3 billion of capacity remaining under its share repurchase authorizations for additional, opportunistic share repurchases.

Mary Barra, CEO, said: "We are growing our business thanks to our broad, deep, and compelling portfolio of ICE vehicles and EVs. At the same time, we are investing our capital in a disciplined and consistent way to continue generating strong margins and cash flows."

The new quarterly dividend rate of $0.15 per share will take effect with the next planned dividend, which is expected to be declared in April 2025.