Economic news

General Motors Approves new $6 Billion Share Buyback Plan

June 11 (Reuters) - General Motors said on 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.

Reporting by Ananta Agarwal in Bengaluru; Editing by Arun Koyyur

Source: Reuters

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree