Trending: GM Reinstating Dividend, Adds to Share Buyback Plan
August 19 2022 - 2:55PM
Dow Jones News
1419 EDT -- General Motors Co. is one of the most talked about
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. The auto maker said it will reinstate
its quarterly dividend, which was suspended in April 2020. The
company said it expects to pay the dividend on Sept. 15. GM also
said it is increasing its share repurchase program to $5 billion,
up from the $3.3 billion remaining in the program. At 2:19 p.m.
EDT, the company's stock was trading 1.79% higher, at $39.41 per
share, on the New York Stock Exchange. Year to date, the stock is
down by over 32%. Dow Jones & Co. owns Factiva.
(stephen.nakrosis@wsj.com)
(END) Dow Jones Newswires
August 19, 2022 14:40 ET (18:40 GMT)
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