General Motors (NYSE:GM) Plans $0.38 Quarterly Dividend

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General Motors (NYSE:GM) (TSE:GMM.U) announced a quarterly dividend on Monday, October 28th, RTT News reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.38 per share by the auto manufacturer on Thursday, December 19th. This represents a $1.52 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Thursday, December 5th.

GM stock opened at $35.53 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.96 and a quick ratio of 0.82. The stock has a market capitalization of $51.44 billion, a P/E ratio of 5.43, a P/E/G ratio of 0.69 and a beta of 1.37. The business has a 50-day moving average of $36.76 and a 200-day moving average of $37.24. General Motors has a fifty-two week low of $31.46 and a fifty-two week high of $41.90.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 29th. The auto manufacturer reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.54. The business had revenue of $35.50 billion for the quarter, compared to analyst estimates of $35.21 billion. General Motors had a return on equity of 19.78% and a net margin of 6.19%. General Motors’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.87 EPS. Equities analysts expect that General Motors will post 4.8 EPS for the current year.

A number of research firms have recently issued reports on GM. UBS Group lifted their price objective on shares of General Motors from $46.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Evercore ISI set a $50.00 target price on shares of General Motors and gave the stock a “buy” rating in a report on Wednesday, August 7th. Morgan Stanley set a $46.00 target price on shares of General Motors and gave the stock a “buy” rating in a report on Tuesday, September 17th. ValuEngine raised shares of General Motors from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Bank of America set a $55.00 price target on shares of General Motors and gave the company a “buy” rating in a research note on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.54.

In other news, EVP Matthew Tsien sold 16,933 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $39.50, for a total transaction of $668,853.50. Following the sale, the executive vice president now owns 18,533 shares in the company, valued at approximately $732,053.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.51% of the company’s stock.

General Motors Company Profile

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

Further Reading: P/E Growth (PEG)

Dividend History for General Motors (NYSE:GM)

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