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0.00156473574890372 -0.000692360950842399 -0.000230786983614242 -0.000230786983614242 0.00946226632817901 0.0163858758366027 0.0163858758366027 0.0200784675744287
Stock impact report

GM suspends its dividend and share repurchases [CNNMoney.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: CNNMoney.com
GM suspends its dividend and share repurchases New York (CNN Business) General Motors is suspending its dividend and share repurchases. The automaker is trying to preserve cash while auto sales are plunging. "Fortifying our cash position and strengthening our balance sheet will position the company to create value for all our stakeholders through this cycle," said Chief Financial Officer Dhivya Suryadevara. The company last suspended its dividend in July 2008, as it hurdled towards bankruptcy and an eventual federal bailout. It resumed paying a dividend in the first quarter of 2014, a little more than three years after its post-bankruptcy initial public offering . In 2015, under pressure from a group of investors to return more cash to shareholders, GM announced it had authorized a $5 billion share repurchase plan . It authorized another $5 billion repurchase plan in January of 2017. But it had completed only $1.6 billion of that more recent repurchase program through the end o Show less Read more
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