General Motors Declares Quarterly Dividend On Preferred Stock Payable September 3, 20133
General Motors has announced a quarterly dividend of $0.59375 per share on its Series B mandatory convertible junior preferred stock. The cumulative dividend is payable September 3, 2013 to shareholders of record as of August 15, 2013, with the total amount of the dividend being approximately $59.4 million.
GM’s series B shares were distributed after the automaker’s initial public offering, and are traded on the open market.
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You have billion on the main page.
Got ahead of myself. Fixed.
If billion was the case, they might could lower sale price of their cars. 😎