The Board of Directors of General Motors Company has approved a third quarter 2015 dividend of 36 cents per share on its common stock.
The dividend is payable Tuesday, September 29th, 2015 to all common stockholders of record as of Monday, September 14th, 2015.
Comments
Sounds like they’re interested in defending against a hostile takeover from a certain ego maniac.
That is part of this but also the fact is that GM is making money and can afford to offer a dividend again is also part of this too.
The combination of continued profits and new product has gotten them in a place that most on Wall St expect the GM stock to start to increase in value.
The Wild Card is the Stock Market in general. But it has hit everyone and so if GM goes down so does everyone else.
It is simple that as times goes on GM will continue to gain strength and will be more and more difficult for Sergio to do much. The only real fear factor here is the outside factors on a global scale like the Chinese economy, The Euro and war that at this point look like is not a matter of if but when in the Middle East.
The good part here is GM is not at a point of desperation and has many tools to work with and many options. They also have a product portfolio that is advancing well post Chapter 11. Few companies could have come this far this fast but they have the technology and staff to do it. They lost little in the mess outside a damaged Culture that is getting smaller and smaller.
A 4.95% dividend.
Granted, that figure’s easier to reach with the stock price dropping into the 20s.
Nice that upper management is getting their options at artificially depressed prices.
I’d like to see Mary and Dan and Reuss buy significant stakes on the open (retail) market. Like they’re true believers.
That’s a lot different than a big salary, options, and a free Corvette and an Escalade. Retail shareholder return has been dismal since the govt bailout and $33 IPO.