General Motors has announced a quarterly dividend of $0.59375 per share on its Series B mandatory convertible junior preferred stock. Approved by the automaker’s Board of Directors, the dividend is payable December 3, 2012 to Series B shareholders of record as of November 15, 2012.
The cumulative dividend adds up to roughly $59.4 million.
Comments
This is good news, and shows that GM is really making a profit this year. But it must invest more into research into more Voltec vehicles, and keep its lead.
I believe GM was more profitable in 2011 than so far in 2012… and the series B shares are guaranteed a dividend.
Also, what ever happened to doing more with less? Simply throwing money at R&D has helped in very few scenarios. Usually, the most innovative companies spend little in R&D because they know when, where, and how to apply the funds better than their competitors. Perfect example: Apple (innovative products with little investment) vs. Microsoft (not very innovative with huge investments).
Apple, suing everybody in sight for concept patent infringement. It doesn’t take a lot of investment to come up with a concept.
@Eco_Turbo
1. Patents must be defended.
2. What’s a concept? That Apple is using its patents in real products while others blatantly steal them? Don’t forget that the iPhone is definitively the device that revolutionized the current mobile landscape. Samsung wasn’t even a household name in that arena.
2. Google stole Apple’s ideas (concepts) thanks to Eric Schmidt being on Apple’s board at the time the iPhone was being conceived.
So what exactly are you suggesting? Are you seriously implying that Apple shouldn’t defend its intellectual property? Or that apple is not innovative? I don’t follow.
i think we all need to do some more reading about this apple/android thing. Everybody stole everything from someone else. But in reality, they are just taking previous products and making them work in the way more people want them to. If everyone wants an iPhone, why wouldn’t android lean towards making a similar product?