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GM Declares Q2 Dividend Of Preferred Stock

The General Motors Board Of Directors have approved a quarterly dividend worth roughly $.59 per share of its Series B mandatory convertible junior preferred stock. It will be payable September 1 of this year to all Series B holders that will be on record as of August 15, 2011. The total amount of the dividend is approximately $59.4 million, exactly the same as what was announced this past March.

Former staff.

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