General Motors approves new $6 billion stock buyback
"The investments GM made in its brands and product portfolio over the last several years, and the company's operating discipline, are delivering consistently strong revenue growth, margins and free cash flow," said Paul Jacobson, GM executive vice president and chief financial officer.
Previously in November 2023, GM had initiated a $10 billion accelerated share repurchase program and reported that it still had about $1.4 billion left under the existing authorization. Moreover, GM has demonstrated its dedication to enhancing shareholder value by increasing its common stock dividend by 33%, raising it from $0.09 to $0.12 per share in the first quarter of 2024.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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