GM Dividend Declared For First Quarter 2023
3
Sponsored Links
GM has declared a first quarter 2023 dividend of 9 cents per share on the company’s outstanding shares of common stock.
The GM dividend is payable Thursday, March 16th, 2023 to all common stock holders of record at the close of trading on Friday, March 3rd, 2023.
GM released its Q4 2022 earnings report late last month. The latest figures include $2.0 billion in net income on $43.1 billion in revenue. These figures were an improvement of 17.6 percent in net income and a 28-percent improvement in revenue compared to results from Q4 of the 2021 calendar year. GM reported that the results were driven by “wholesale volume growth and robust pricing across the portfolio.” However, the numbers were partially offset by “mix normalization, commodity costs, and GMF [GM Financial] lower” compared to Q4 of 2021.
The latest earnings report also included 1,551 million vehicle deliveries globally during Q4 of 2022, an increase of 12,000 units compared to the 1,539 million units delivered globally during Q4 of 2021, a 0.8-percent year-over-year increase. In the global markets where it competes, GM’s market share increased 0.3 basis points (bps), up to 9.2 percent in Q4 of 2022 from 8.9 percent in Q4 of 2021. Deliveries increased in North America and South America, but decreased in the Middle East, Africa, and Asia / Pacific, including China.
With regard to GM North America specifically, GM posted $35.5 billion in revenue, $3.7 billion EBIT-adjusted, and 729,000 vehicle deliveries in Q4 of 2022, as compared to $28.9 billion in revenue, $2.2 billion EBIT-adjusted, and 511,000 vehicle deliveries in Q4 of 2021.
GM’s guidance for 2023 highlights “consistently strong core auto operating performance,” with $10.5 billion to $12.5 billion EBIT-adjusted, $6.00 to $7.00 EPS-diluted-adjusted, $5 to $7 billion in adjusted automotive free cash flow, 8 to 10 percent GMNA EBIT-adjusted margins, $11 billion to $13 billion capital spend, and 16 percent to 18 percent in ETR-adjusted.
Want to learn more? Then remember to subscribe to GM Authority for further GM earnings news, GM dividend news, GM stock news, and around-the-clock GM news coverage.
- Sweepstakes Of The Month: Win a Corvette Z06 and 2024 Silverado. Details here.
Sponsored Links
Dividends are the reason I’m long on GM and short Tesla.
I guess that’s one way to get a tiny portion of your tax money back after it being diverted to gm.
Fact. Gm paid all monies back to the Fed from the economic bailout that was given to numerous corporations during the market collapse of which several did not!