General Motors Boosts Quarterly Dividend By 33% From $0.09 To $0.12 Per Share
Portfolio Pulse from Benzinga Newsdesk
General Motors has announced a 33% increase in its quarterly dividend, raising it from $0.09 to $0.12 per share. The dividend will be payable on March 14, 2024, to shareholders of record as of March 1, 2024.
January 29, 2024 | 9:02 pm
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POSITIVE IMPACT
General Motors has increased its quarterly dividend by 33%, which is a positive signal to investors and may lead to a short-term increase in stock price due to perceived financial strength and commitment to shareholder returns.
Dividend increases are often viewed positively by the market as they suggest a company is confident in its financial stability and future earnings. This increase by General Motors may attract income-focused investors and could lead to a short-term uptick in GM's stock price.
CONFIDENCE 90
IMPORTANCE 80
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