CNBC headline: GM to reinstate quarterly dividend and increase share buyback program to $5 billion
PUBLISHED FRI, AUG 19 20228:00 AM EDTUPDATED 51 MIN AGO
https://www.cnbc.com/2022/08/19/gm-to-reinstate-quarterly-di…
GM is reinstating a quarterly cash dividend and increasing the size of its opportunistic share repurchases to $5 billion of common stock, up from $3.3 billion.
The quarterly dividend will be at a rate of 9 cents per share, a roughly 76% reduction from the 38 cents per share when the quarterly dividend was suspended in April 2020.
The first dividend will be paid on Sept. 15 to shareholders of record as of the close of business on Aug. 31, according to the company.
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