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0.00175225521736296 0.00383827333327147 0.00870564893705785 0.00738913972612891 -0.00287870499995369 0.000825136054737004 0.00360649354261503 0.017281501191348
Stock impact report

GM suspends its dividend and stock repurchases to preserve cash [MarketWatch]

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: MarketWatch
Shares of General Motors Co. fell 1.1% in premarket trading Monday, after the auto maker said it was suspending its dividend and stock repurchase program to help preserve cash amid the coronavirus pandemic. GM last paid a quarterly dividend of 38 cents a share on March 5. Based on Friday's stock closing price of $21.95, the annual dividend rate had implied a dividend yield of 6.92%, compared with the implied yield for the S&P 500 of 2.08%. Among other moves to strengthen liquidity, GM said it has extended $3.6 billion under its three-year revolving credit agreement to April 2022. "We continue to enhance our liquidity to help navigate the uncertainties in the global market created by this pandemic," said Chief Financial Officer Dhivya Suryadevara. GM's stock has tumbled 34.3% over the past three months through Friday, while the Dow Jones Industrial Average has dropped 16.7%. Show less Read more
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