General Motors (NYSE:GM) to Issue $0.12 Quarterly Dividend

General Motors (NYSE:GM) (TSE:GMM.U) declared a quarterly dividend on Monday, January 27th,RTT News reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.12 per share by the auto manufacturer on Thursday, March 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.87%.

General Motors has a dividend payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Analysts expect General Motors to earn $10.75 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 4.5%.

General Motors Stock Up 2.0 %

GM stock opened at $54.99 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $53.17 and its 200 day moving average price is $49.90. General Motors has a 52 week low of $34.93 and a 52 week high of $61.24. The company has a market cap of $60.47 billion, a P/E ratio of 5.86, a P/E/G ratio of 0.38 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 16.30% and a net margin of 6.06%. On average, research analysts expect that General Motors will post 10.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Mark L. Reuss sold 122,283 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the transaction, the president now directly owns 126,907 shares in the company, valued at approximately $7,000,190.12. This represents a 49.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction on Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the sale, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 514,344 shares of company stock worth $28,977,691 over the last ninety days. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of General Motors from $38.00 to $35.00 and set an “underweight” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. lifted their price objective on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and upped their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Barclays boosted their price target on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Mizuho increased their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.17.

About General Motors

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.