General Motors ( (GM) ) has shared an update.
On February 24, 2025, General Motors’ Board of Directors approved a new $6 billion share repurchase program, including a $2 billion accelerated share repurchase (ASR) agreement with Barclays and J.P. Morgan. The company also announced an increase in its quarterly common stock dividend by $0.03 per share, effective from April 2025. These financial strategies are part of GM’s broader capital allocation plan to reinvest in business growth, maintain a strong balance sheet, and return capital to shareholders. The ASR program is expected to conclude by the second quarter of 2025, with the final number of shares repurchased based on average stock prices during the program’s term.
More about General Motors
General Motors (NYSE: GM) is a leading automotive company focused on advancing transportation technology to create safer, smarter, and lower emission vehicles. The company offers a wide range of gasoline-powered and electric vehicles through its Buick, Cadillac, Chevrolet, and GMC brands, aiming to transition towards an all-electric future.
YTD Price Performance: -9.34%
Average Trading Volume: 10,560,885
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $46.34B
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