GM Quarterly Stock Dividends Pay Nicely
General Motors investors, behold! A nice lump of cash just for having faith in an American automaker.
That’s right, General Motors recently announced its quarterly stock dividend, and it’s a doozie. (Well, it is if you own a fair amount of stock, at least.) General Motors, who just a few years back suffered immensely from the economic recession, has jumped back into the game and is able to pay a dividend of 30 cents per share on its common stock.
But hold on, Mr. Moneybags. You’ll have to wait until March 28, 2014, to pinch your pennies—and did we mention that you’ll need to still be a stockholder as of March 18, 2014 to lay claim to your GM quarterly stock dividends?
“Today’s General Motors is designing high-quality, world-class vehicles for our customers and delivering consistently solid financial results,” said Dan Akerson, former GM chairman and CEO, before his retirement. “The board understands that our investors should share in this success and is pleased to announce a quarterly dividend for our common stockholders.”
Dan Ammann, who is now president of the company, added, “Our fortress balance sheet, substantial liquidity, consistent earnings and strong cash flow provide the foundation for an ongoing payout. This return to shareholders is consistent with our capital priorities and is an important signal of confidence in our plans for a continuing profitable future.”
Congratulations, General Motors, on a fantastic comeback.