General Motors Stock Rises 4% On Dividend Increase And $6 Billion Buyback Plan

(RTTNews) - General Motors Company (GM) is up 4.08 percent, gaining $1.91 to trade at $48.62 during Wednesday's trading after announcing a $0.03 per share increase in its quarterly dividend and a new $6 billion share repurchase authorization.

The stock opened at $48.91 and has traded between $48.54 and $50.19 today. Volume has reached 10.94 million shares, slightly above its average of 10.26 million. GM's 52-week range is $38.95 to $61.24.

The company will initiate an accelerated share repurchase program for $2 billion under the authorization, with the dividend increase to $0.15 per share expected to take effect in April 2025.