GM Stock Surges on Dividend Hike, $6B Buyback Plan | Global News Avenue

General Motors Stocks (General) On Wednesday, automakers announced a new $6 billion Stock buyback Plan and increase its quarterly dividend.

Chevrolet and Cadillac parents said the buyback had no expiration date, but it aimed to complete the first $2 billion buyback by the end of the second quarter.

The automaker also said it has approved a new dividend of $0.15 per share, up from $0.12, starting with the next quarterly spending announced in April.

CEO Mary Mary Barra said: “The execution of the GM team remains strong in all three pillars of our capital allocation strategy, which is to reinvest in order to gain profitable growth and maintain a strong investment grade. balance sheet and return capital to our shareholders.”

GM’s highest estimate Latest quarterly report Stocks have fallen last month in the weeks since fears that tariffs and transfer policies around electric vehicles under the Trump administration could impact the automotive industry. Deutsche Bank Analysts quote General Motors “An active stock buyback trajectory” was one of the reasons they upgraded their stock last month.

As the market opened on Wednesday, automakers’ shares rose 6%, up nearly 25% in the past 12 months.