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Tag Archives: gm dividend. gm preferred
General Motors Declares Dividend on Preferred Stock
General Motors (NYSE: GM) today announced that its Board of Directors has approved a quarterly dividend of $0.59375 per share on its Series B mandatory convertible junior preferred stock. The dividend (4.75% annually) is payable 1 March 2013 to Series B holders of record as of 15 February 2013. The dividend on the hybrid stock – a mixture of stock and debt – is cumulative. GM has not paid a dividend on its common stock since 2008 before it entered bankruptcy. Continue reading
