GM stock is currently selling at under around $32 a share, below the IPO price of $33 in November of 2010, bad news for U.S. and Canadian investors.
General Motors Co. (NYSE: GM) Board of Directors today declared a fourth quarter 2014 dividend of 30 cents per share on its common stock. The dividend is payable 23 Dec. 2014 to all common stockholders of record as of 10 Dec 2014.
With GM stock being hammered because of analyst skepticism about short-term improvements possible in Europe, as well as the Russian and South American crisis, and now 24 deaths from ignition switches – all bad for business, the current sell-off of GM presents a challenge to investors. Trading today in the $30-32 per share range, the $1.20 annual dividend represents a good return on a stock (+3.4%) that analysts said recently could be at $55 in a couple of years with a $42 one-year target.
