GM Declares Quarterly Dividend

Rhea-AI Summary

General Motors (NYSE:GM) has declared a cash dividend of $0.09 per share for the first quarter of 2023. This dividend will be payable on March 16, 2023, to shareholders on record as of the close of trading on March 3, 2023. The company continues its commitment to enhancing shareholder value while focusing on its strategy to advance an all-electric future through its Ultium battery platform, powering various vehicles under brands such as Chevrolet, Buick, GMC, and Cadillac.

Positive

• Dividend of $0.09 per share reflects commitment to shareholder value.
• Continued focus on electric vehicle strategy with Ultium battery platform.

Negative

• None.

News Market Reaction – GM

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-0.05% Session move

In the trading session that priced this news, GM declined 0.05%, reflecting a mild negative market reaction.

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DETROIT, Feb. 1, 2023 /PRNewswire/ -- General Motors Co. (NYSE: GM) announced today that its Board of Directors has declared a first quarter 2023 cash dividend on the company's outstanding common stock of $0.09 per share payable Thursday, March 16, 2023, to all common shareholders of record as of the close of trading on Friday, March 3, 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-301736233.html

SOURCE General Motors Co.

FAQ

What is the GM dividend for Q1 2023?

The GM dividend for Q1 2023 is $0.09 per share.

When is the GM dividend payment date?

The GM dividend payment date is March 16, 2023.

What is the record date for GM's Q1 2023 dividend?

The record date for GM's Q1 2023 dividend is March 3, 2023.

How often does GM pay dividends?

GM typically pays dividends quarterly.

Is the GM dividend sustainable?

The sustainability of GM's dividend can depend on overall company performance and cash flow.