GM Dividend Hike, $6B Stock Buyback Show ‘Heartbeat of America’ Strategy Paying Off
General Motors, the company whose president famously declared in 1953 that ‘what is good for the country is good for GM,’ is now prioritizing one of Wall Street’s favorite American traditions: stock buybacks. The Detroit automaker said Tuesday that its board authorized a 23 billion worth of its own shares. Investors seemed to approve, sending shares climb ...