GM Declares Quarterly Dividend

Rhea-AI Summary

General Motors (NYSE: GM) announced a cash dividend of $0.09 per share for the second quarter of 2023. This dividend is payable on June 15, 2023, to shareholders recorded by the close of trading on June 2, 2023. This announcement underscores GM's commitment to returning value to its shareholders amidst its strategic focus on an all-electric future powered by the Ultium battery platform, enhancing its vehicle offerings across various brands.

Positive

• Declared a cash dividend of $0.09 per share for Q2 2023, reflecting a commitment to shareholder returns.

Negative

• None.

News Market Reaction – GM

-4.02%

-4.02% Session move

In the trading session that priced this news, GM declined 4.02%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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DETROIT, April 24, 2023 /PRNewswire/ -- General Motors Co. (NYSE: GM) announced today that its Board of Directors has declared a second-quarter 2023 cash dividend on the company's outstanding common stock of $0.09 per share payable June 15, 2023, to all common shareholders of record as of the close of trading on June 2, 2023.

General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com. 

View original content:https://www.prnewswire.com/news-releases/gm-declares-quarterly-dividend-301805921.html

SOURCE General Motors Co.

FAQ

What is the GM dividend amount for Q2 2023?

The dividend amount declared by GM for Q2 2023 is $0.09 per share.

When will GM's Q2 2023 dividend be paid?

GM's Q2 2023 dividend will be paid on June 15, 2023.

What is the record date for GM's Q2 2023 dividend?

The record date for GM's Q2 2023 dividend is June 2, 2023.

How often does GM pay dividends?

GM typically pays dividends quarterly.

Is the dividend sustainable for GM?

The sustainability of GM's dividend depends on overall company performance and profitability.