GM Announces Series B Junior Preferred Stock Dividend

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NYSE-GM

Last week, General Motors announced that its Board of Directors has approved a quarterly dividend of $0.59375 per share on its Series B mandatory convertible junior preferred stock. The cumulative dividend has a payable date of Sept. 4, 2012 to Series B holders of record as of Aug. 15, 2012. The total amount of the dividend is approximately $59.4 million.

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— Alex Luft

Alex is the Founder of GM Authority and focuses on covering GM's global business operations and strategy.

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