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

General Motors Company (NYSE:GM) (TSE:GMM.U) declared a quarterly dividend on Monday, October 19th. Investors of record on Friday, December 4th will be paid a dividend of $0.18 per share by the auto manufacturer on Thursday, December 17th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th.

General Motors has raised its dividend by an average of 0.1% annually 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 $14.73 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 4.9%.

General Motors Stock Performance

NYSE GM opened at $76.88 on Wednesday. The company has a market cap of $67.46 billion, a P/E ratio of 38.66, a P/E/G ratio of 0.46 and a beta of 1.40. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97. The stock has a 50-day moving average of $83.99 and a two-hundred day moving average of $81.23. General Motors has a 1-year low of $65.89 and a 1-year high of $91.85.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.01. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The business had revenue of $50.02 billion for the quarter, compared to analysts’ expectations of $48.78 billion. During the same quarter in the prior year, the company earned $2.80 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, analysts anticipate that General Motors will post 13.53 EPS for the current year.

General Motors declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 20th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to purchase up to 27.5% of its shares through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

About General Motors

General Motors Company (NYSE: GM) is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells vehicles and related services through brands including Chevrolet, Buick, GMC and Cadillac.

GM’s product lineup includes passenger cars, pickup trucks, sport utility vehicles, commercial vehicles and electric vehicles. The company is also developing connected-vehicle technologies, driver-assistance systems and charging and energy-management solutions.