General Motors ups dividend, share buyback on strong outlook

DETROIT (AP) – General Motors says it will add $4 billion to its stock buyback program and raise its quarterly dividend 6 percent to 38 cents per share.

The dividend increase starts in the first quarter, and the share buybacks will run through 2017.

Company executives also announced Wednesday that GM expects to make an adjusted profit of $5.25 to $5.75 per share this year. That’s up from previous guidance of $5 to $5.50 per share. GM also expects improved adjusted earnings before taxes.

The company also says it will post online its entire inventory of 30,000 company-owned used cars online. The inventory includes cars coming off leases and from rental car companies and company employees.

All will have factory warranties and can be ordered online and purchased through dealerships.

We welcome thoughts and comments from our viewers. We ask that everyone keep their remarks civil and respectful. Postings that contain profanity, racist, or potentially libelous remarks will be deleted. We will delete any commercial postings, as well.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s