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-0.00116063138347271 -0.0018570102135563 -0.000928505106778232 0.00603528319405752 0.00371402042711227 0.00603528319405752 0.0153203342618384 0.0217316620241411
Stock impact report

General Motors Scraps Dividend, Buybacks [TheStreet.com]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: TheStreet.com
General Motors(GMGet ReportGM also said it has extended $3.6 billion under its three-year revolving credit agreement, until April 2022, and has taken "other significant austerity measures to preserve near-term available cash." The carmaker also said it remains committed to an investment-grade credit rating, as well as reinvesting in the business at pre-tax return levels of 20%."We continue to enhance our liquidity to help navigate the uncertainties in the global market created by this pandemic," said CFO Dhivya Suryadevara. "Fortifying our cash position and strengthening our balance sheet will position the company to create value for all our stakeholders through this cycle."GM shares were marked 1.3% lower in early  trading Monday following the dividend suspension to change hands at $21.68 each, a move that would extend its year-to-date decline to around 39%.GM declared a first quarter dividend of 38 cents per share on February 3, just days before posting stronger-than-expected fourth Show less Read more
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