The new quarterly dividend rate of $0.15 per share is a $0.03 per share increase from the previous quarterly dividend of $0.12 per share. It will take effect with the company’s next planned dividend, expected to be declared in April 2025 when Q1 financial results will be posted.

The share repurchase program, with no expiration date, will be executed in accordance with applicable securities laws and regulations and may be suspended or discontinued at any time at the company’s discretion. Through the ASR program, GM will advance an aggregate of $2 billion to the executing banks to receive and retire GM common stock. The total number of shares ultimately repurchased under the ASR program will be determined upon final settlement and will be based on the average of the daily volume-weighted average prices of GM’s common stock during the term of the program. The ASR program is expected to conclude in the second quarter of 2025. The ASR program will be executed by Barclays and J.P. Morgan.

Outside of the ASR program, GM will have $4.3 billion of capacity remaining under its share repurchase authorizations for additional, opportunistic share repurchases. In 2024, GM’s weighted average common shares outstanding was 1.055 billion, and as of 31 Dec. 2024, the company had less than 1 billion total shares outstanding.

“We feel confident in our business plan, our balance sheet remains strong, and we will be agile if we need to respond to changes in public policy,” said Paul Jacobson, executive vice president and CFO. “The repurchase authorization our board approved continues a commitment to our capital allocation policy.”