General Motors Declares Dividend on Preferred Stock

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Jan 26, 2011, 01:00 ET

DETROIT, Jan. 26, 2011 /PRNewswire/ -- General Motors Company today announced that its Board of Directors declared a quarterly dividend of approximately $0.647 per share on its Series B mandatory convertible junior preferred stock. The dividend is payable March 1, 2011 to Series B holders of record as of February 15, 2011. The dividend is cumulative. The total amount of the dividend is approximately $64.7 million.

General Motors Company (NYSE: GM, TSX: GMM), one of the world's largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 209,000 people in every major region of the world and does business in more than 120 countries. GM and its strategic partners produce cars and trucks in 31 countries, and sell and service these vehicles through the following brands: Baojun, Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Isuzu, Jiefang, Opel, Vauxhall, and Wuling. GM's largest national market is China, followed by the United States, Brazil, the United Kingdom, Germany, Canada, Italy, Russia, Mexico, and Uzbekistan. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. General Motors acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation. More information on the new General Motors can be found at www.gm.com.