GM shares are trading higher after the company reinstated 2023 earnings guidance, announced a $10 billion accelerated share repurchase program and a 33% dividend increase.
Portfolio Pulse from Benzinga Newsdesk
GM shares are up following the reinstatement of its 2023 earnings guidance, the launch of a $10 billion accelerated share repurchase program, and a 33% increase in its dividend.

November 29, 2023 | 1:47 pm
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POSITIVE IMPACT
GM's stock is likely to experience a positive short-term impact due to the reinstatement of earnings guidance, a significant share repurchase program, and a substantial dividend increase.
The reinstatement of earnings guidance provides investors with clarity and confidence about the company's future performance. The $10 billion share repurchase program signals a strong balance sheet and excess cash flow, which is typically viewed positively by investors as it can increase earnings per share. Additionally, the 33% dividend increase demonstrates a commitment to returning value to shareholders and suggests confidence in the company's financial health. These factors combined are likely to result in a positive short-term impact on GM's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100