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 6billionsharerepurchaseprograminadditiontoraisingitsquarterlydividendby206 billion share repurchase program in addition to raising its quarterly dividend by 20% to 18 cents per share. Since November 2023, GM has bought back 23 billion worth of its own shares. Investors seemed to approve, sending shares climb ...

GM Dividend Hike, $6B Stock Buyback Show ‘Heartbeat of America’ Strategy Paying Off - Reportify