GM announces $6B share repurchase with shares up 34% since 2024, raising dividend to 12 cents from 9 cents.
General Motors (GM) has announced a $6 billion share repurchase, following a $10 billion authorization in November 2023. The Detroit automaker's shares rose 2% to $48.52, while broader U.S. markets declined. GM shares are up 34% since the start of 2024, and the company also raised its dividend to 12 cents per share from 9 cents. This year has seen GM's shares rise significantly after they fell to $26 late last year.
June 11, 2024
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