GM Has Authorized a $6 Billion Share Repurchase Program to Drive Growth

GM has taken a significant step to drive growth by authorizing a $6 billion share repurchase program.

This program aims to buy back shares from investors, which can help increase the company's earnings per share and boost investor confidence.

The $6 billion allocation is a substantial investment, demonstrating GM's commitment to its shareholders.

By repurchasing shares, GM can also reduce its outstanding share count, making each remaining share more valuable.

A different take: Gm Loyalty Card

GM has authorized a $6 billion share repurchase program, which will allow the company to buy back up to $6 billion of its outstanding common stock.

The new authorization was approved by GM's Board of Directors and comes after the company announced a $10 billion accelerated share repurchase in November 2023.

GM expects to exhaust its remaining $1.4 billion in capacity under its prior share repurchase authorization by the end of the second quarter.

In addition to the new authorization, GM will continue to have the opportunity to repurchase shares after the completion of the existing authorization.

Suggestion: Bp Has Announced a $3.5 Billion Share Buyback Program.

GM increased its common stock dividend 33%, from $0.09 to $0.12 per share, in the first quarter.

Here is a breakdown of GM's share repurchases and dividends over the past few years:

The final settlement of the accelerated share repurchase announced in November 2023 is expected to occur no later than the fourth quarter of 2024.

Curious to learn more? Check out: B Shares

GM's new $6 billion share repurchase authorization is a significant move to return cash to shareholders.

The company's Board of Directors approved this new authorization to repurchase up to $6 billion of GM's outstanding common stock.

GM has a history of investing in its brands and product portfolio, which has led to strong revenue growth, margins, and free cash flow.

The company's operating discipline has allowed it to efficiently deploy its capital and return cash to shareholders.

GM has a prior share repurchase authorization with approximately $1.4 billion in remaining capacity, which it expects to exhaust by the end of the second quarter.

Explore further: General Motors Announces Additional Share Repurchases and a Higher Dividend.

Here's a breakdown of GM's share repurchases over the past few years:

GM has also increased its common stock dividend by 33%, from $0.09 to $0.12 per share, in the first quarter.

The company's focus on profitability, particularly in its ICE and EV businesses, has allowed it to continue returning cash to shareholders through share repurchases.

GM's Board of Directors has approved a new share repurchase authorization to buy back up to $6 billion of the company's outstanding common stock.

The company has been delivering strong revenue growth, margins, and free cash flow, thanks to its investments in its brands and product portfolio over the last several years.

GM expects to exhaust the remaining $1.1 billion of its prior share repurchase authorization before the end of the second quarter.

The new authorization will allow the company to opportunistically repurchase shares after the completion of the existing authorization.

GM has a history of returning cash to shareholders through share repurchases. Here's a breakdown of the company's share repurchases over the past few years:

GM has also increased its common stock dividend by 33%, from $0.09 to $0.12 per share, in the first quarter.