GM's Major Financial Moves: $6 Billion Buyback & Dividend Increase

General Motors Co. has announced a new $6 billion share repurchase authorization and plans to exhaust its remaining $1.1 billion from prior authorizations by end of Q2. Additionally, GM increased its common stock dividend by 33%, from $0.09 to $0.12 per share, in Q1.

General Motors Co: * GM BOARD APPROVES NEW $6 BILLION SHARE REPURCHASE AUTHORIZATION

* GENERAL MOTORS CO: EXPECTS TO EXHAUST REMAINING $1.1 BILLION OF PRIOR AUTHORIZATION BEFORE END OF Q2 * GENERAL MOTORS CO: INCREASED ITS COMMON STOCK DIVIDEND 33%, FROM $0.09 TO $0.12 PER SHARE, IN Q1.

* GENERAL MOTORS CO - INCREASED ITS COMMON STOCK DIVIDEND 33%, FROM $0.09 TO $0.12 PER SHARE, IN Q1 Source text for Eikon: Further company coverage: