General Motors Company Announces Quarterly Dividend of $0.18 (NYSE:GM)

General Motors Company (NYSE:GM) (TSE:GMM.U) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Friday, September 4th will be given a dividend of 0.18 per share by the auto manufacturer on Thursday, September 17th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 4th.

General Motors has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. General Motors has a dividend payout ratio of 7.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect General Motors to earn $14.25 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 5.1%.

General Motors Stock Performance

General Motors stock traded up $3.87 during mid-day trading on Tuesday, reaching $79.67. The company’s stock had a trading volume of 11,915,636 shares, compared to its average volume of 7,929,200. The firm’s fifty day moving average price is $78.84 and its two-hundred day moving average price is $78.84. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. General Motors has a 12-month low of $48.87 and a 12-month high of $87.62. The company has a market capitalization of $71.84 billion, a P/E ratio of 32.13, a PEG ratio of 0.38 and a beta of 1.31.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. The firm had revenue of $48.03 billion during the quarter, compared to analyst estimates of $47.01 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company earned $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Sell-side analysts predict that General Motors will post 12.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on GM. UBS Group restated a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price target on the stock in a report on Wednesday, March 25th. Wall Street Zen upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada reduced their price objective on shares of General Motors from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $102.00 target price on shares of General Motors in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.27.

General Motors Company Profile

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.