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GM tops earnings expectations, announces dividend increase and stock buyback program
GM raised its quarterly dividend by 3 cents to $0.18 and authorized a $6 billion share buyback amid adjustments to its electric vehicle strategy due to softer demand and policy shifts.
- On Tuesday, General Motors Company reported a fourth-quarter adjusted EPS beat and the Board of Directors approved a 3 cents per share dividend increase.
- GM flagged a more cautious outlook as it recalibrates its EV strategy amid softer consumer EV demand and U.S. policy shifts, while fourth-quarter net income fell over $7.2 billion due to special charges.
- Adjusted operating metrics show quarterly adjusted EBIT rose 13.3% to $2.843 billion, while quarterly sales of $45.287 billion missed the Street view of $45.804 billion.
- Reports say GM and Ford discussed advance payments to support First Brands Group, with talks reportedly in final stages, as GM's fiscal 2026 guidance remains below expectations.
- With $15.062 million in cash and equivalents, GM's Board approved a $6 billion share repurchase and set the dividend payable on March 19, 2026, to holders at the close on March 6, 2026.
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GM Dividend Hike, $6B Stock Buyback Show ‘Heartbeat of America’ Strategy Paying Off
General Motors, the company whose president famously declared in 1953 that ‘what is good for the country is good for GM,’ is now prioritizing one of Wall Street’s favorite American traditions: stock buybacks. The Detroit automaker said Tuesday that its board authorized a $6 billion share repurchase program in addition to raising its quarterly dividend by 20% to 18 cents per share. Since November 2023, GM has bought back $23 billion worth of its …
Coverage Details
Total News Sources18
Leaning Left2Leaning Right1Center8Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
L 18%
C 73%
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