Tags: general motors | share | buyback

General Motors Approves New $6B Share Buyback Plan

General Motors Approves New $6B Share Buyback Plan
The General Motors headquarters in Detroit (Paul Sancya/AP)

Tuesday, 11 June 2024 07:50 AM EDT

General Motors said Tuesday it will buy back outstanding shares worth $6 billion as part of a new stock repurchase plan.

The board approval follows a $10 billion accelerated share repurchase announced by the automaker in November 2023. It had also raised its dividend by 33% to 12 cents per share in the first quarter.

The shares of the automaker was up 1% in premarket trading.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
General Motors said Tuesday it will buy back outstanding shares worth $6 billion as part of a new stock repurchase plan.
general motors, share, buyback
66
2024-50-11
Tuesday, 11 June 2024 07:50 AM
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