Gm Announces $6b Share Buyback, Boosts Dividend
General Motors shareholders just received what they wanted only a few weeks back when the automaker posted Q4 results — cash. The company announced on Wednesday that it was upping its quarterly dividend by $0.03 to $0.15 a share, its first hike since 2023. In addition, GM announced a new $6 billion “share repurchase authorization,” with $2 billion of that happening relatively soon in the form of a new accelerated share repurchase (ASR) program.
- This move suggests that GM's leadership is prioritizing shareholder value over long-term investments in research and development, potentially setting a precedent for other automakers to follow.
- What implications will this aggressive buyback strategy have on GM's ability to invest in electric vehicle technology and maintain its competitive edge in the rapidly evolving automotive industry?