General Motors (NYSE:GM) (TSE:GMM.U) announced a quarterly dividend on Tuesday, October 30th, RTT News reports. Investors of record on Friday, December 7th will be given a dividend of 0.38 per share by the auto manufacturer on Thursday, December 20th. This represents a $1.52 annualized dividend and a yield of 4.53%.
General Motors has raised its dividend by an average of 8.2% annually over the last three years. General Motors has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect General Motors to earn $5.61 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 27.1%.
GM traded up $0.40 on Tuesday, hitting $33.53. 1,122,306 shares of the stock were exchanged, compared to its average volume of 15,793,718. General Motors has a 12 month low of $30.56 and a 12 month high of $45.52. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $46.07 billion, a price-to-earnings ratio of 5.06, a P/E/G ratio of 0.67 and a beta of 1.55.
About General Motors
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
See Also: How dollar cost averaging works
Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.