General Motors Co.
General Motors Announces New Share Repurchase Program and Dividend Increase
Summary
On February 24, 2025, General Motors' Board of Directors authorized a new share repurchase program of up to $6.3 billion, with $2.0 billion executed through an accelerated share repurchase (ASR) agreement. Additionally, the company announced an increase in its quarterly common stock dividend by $0.03 per share, starting in April 2025. The ASR agreements with Barclays Bank PLC and J.P. Morgan Chase Bank, National Association, involve the repurchase of $2.0 billion of GM's common stock based on the average of the daily volume-weighted average prices during the term of the agreements.
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About General Motors Co.
General Motors Co. is a prominent American multinational corporation specializing in the design, manufacturing, and distribution of vehicles and vehicle parts. Primarily known for its influential brands such as Chevrolet, Buick, GMC, and Cadillac, General Motors plays a vital role in the automotive industry worldwide. The company is headquartered in Detroit, Michigan, and operates numerous production facilities across North America and various parts of the globe. A key characteristic of General Motors is its focus on advancing automotive innovation, including the development of electric and autonomous vehicles. The company is at the forefront of the transition towards sustainable transportation solutions, contributing to broader industry efforts to reduce carbon emissions. Besides its commitment to innovation, General Motors Co. plays a significant role in the global automotive supply chain, influencing multiple related sectors such as technology, steel, and consumer finance. General Motors continues to be a crucial player in the automotive sector, impacting economies and mobility solutions worldwide with its comprehensive range of vehicles and forward-thinking approaches.
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