General Motors Co. (NYSE: GM) Board of Directors today declared a second quarter 2015 dividend of 36 cents per share on its common stock, an increase of 20 percent from the 30-cent quarterly dividend paid since the first quarter of 2014. This increase is consistent with the company’s capital allocation framework to generate high returns on investments in the business, maintain an investment-grade balance sheet and return capital to shareholders.
The company previously announced its intention to increase its quarterly dividend on Feb. 4, 2015.
The second quarter dividend is payable Tuesday, June 23, 2015 to all common stockholders of record as of Wednesday, June 10, 2015.
