General Motors launches a new round of stock repurchase plan and raises quarterly dividend by 25%
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General Motors announced a $6 billion stock repurchase and a 25% increase in its quarterly dividend to reward investors. The company's stock price rose 4.4% in pre-market trading. The Chief Financial Officer stated that despite the uncertainty of policy changes, General Motors is confident in its business plans, and the balance sheet remains strong. This repurchase plan has no expiration date, with the first $2 billion of repurchases expected to be completed by the end of the second quarter. Since 2015, General Motors has approved a total of $37.7 billion in repurchase plans
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