General Motors has declared a fourth quarter 2016 dividend of 38 cents per share on the company’s common stock.
The fourth quarter dividend is payable Thursday, December 22nd, 2016 to all common stockholders of record as of Wednesday, December 7th, 2016.
Just yesterday, the automaker announced strong third quarter 2016 earnings highlighted by a $2.8 billion net income and earnings per share (EPS) diluted of $1.76 on net revenue of $42.8 billion.
Comments
That dividend seems small, but i f GM invests more of its profits to increase electric transportation research, lower battery and powertrain costs, and develop more EVs, I am happy for them.
Well considering GM and many others have shown little or no dividend and no investment GM is doing OK.
The key is to invest in all aspects of product as electric needs investment but also the products that are paying the bills need continued investment like the SUV and truck lines.
The return on investment of EV is still off in the future and will still need continued investment so all other aspects of product will still need continued investment to provide the income needed to keep the ball moving forward.
None of the automakers stock is going to go nuts anytime soon. Not a real high growth investment segment vs. many other high tech companies.
People are investing in the battery and electronic companies not the end product.
The folks who are going to make money today are not investing in Apple but the company that makes their processors and any other new tech.