GM Declares Increased Dividend on Common Stock

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Apr 13, 2015, 05:00 ET

DETROIT, April 13, 2015 /PRNewswire/ -- General Motors Co. (NYSE: GM) Board of Directors today declared a second quarter 2015 dividend of 36 cents per share on its common stock, an increase of 20 percent from the 30-cent quarterly dividend paid since the first quarter of 2014. This increase is consistent with the company's capital allocation framework to generate high returns on investments in the business, maintain an investment-grade balance sheet and return capital to shareholders.

The company previously announced its intention to increase its quarterly dividend on Feb. 4, 2015.

The second quarter dividend is payable Tuesday, June 23, 2015 to all common stockholders of record as of Wednesday, June 10, 2015.

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

SOURCE General Motors