GM Announces Series B Junior Preferred Stock Dividend
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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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