General Motors has spent billions over decades trying to blaze an electric trail, releasing pioneering EVs and hybrids that ultimately failed to achieve mass-market sales before being scrapped. This time might be different.
The latest trading day saw General Motors (GM) settling at $47.63, representing a -1.71% change from its previous close.
General Motors boosts dividends and buybacks, but will looming tariffs shake things up for the company? Find out if the stock is worth buying now.
U.S. auto giant General Motors NYSE: GM recently made headlines with the announcement of a new $6 billion share buyback program. This move continues the company's aggressive efforts to reduce its outstanding share count.
General Dynamics reported strong FY2024 results with $47.7 billion in revenue and $4.8 billion in operating earnings, showcasing impressive growth across its divisions. The Aerospace division, despite its cyclical nature, showed significant improvement with a 30.5% revenue growth and an operating margin increase to 13% in FY2024. Management expects growth in revenue, margins, and EPS for FY2025, but I remain cautious about the Aerospace segment's vulnerability to economic downturns.
Shares of food and essentials companies Dollar General (DG -5.59%), PepsiCo (PEP -3.14%), and The Hershey Company (HSY -4.12%) all fell on Wednesday, down 5.4%, 2.9%, and 4%, respectively, as of 2:45 p.m. ET.
General Motors Company (NYSE:GM) shares gained more than 5% after the automaker boosted its quarterly dividend and initiated a $6 billion share buyback. The company is raising its dividend by $0.03 from $0.12 to $0.15 per share, marking a 25% increase.
CNBC's Phil LeBeau joins 'Squawk on the Street' to report on sales and fundamentals for Tesla and GM's buyback plan.
The auto industry is in the spotlight today, as several major stocks react to earnings reports, strategic moves, and executive changes.
Uncertainty about tariffs and labor-cost headwinds have weighed on stock this year
General Motors said on Wednesday it would increase its quarterly dividend by 25% and undertake a new $6 billion share buyback program to return excess cash and increase shareholder value.
General Motors said Wednesday it is increasing its quarterly dividend by 25% to 15 cents per share — matching that of crosstown rival Ford Motor. It also announced a $6 billion stock repurchase program, $2 billion of which is expected to be completed during the second quarter.