General Motors Company (NYSE:GM) Shares Will Pay Quarterly Dividend of $0.18

Key Points

• General Motors declared a quarterly dividend of $0.18 per share, payable December 17 to shareholders of record on December 4. The annualized dividend is $0.72, yielding approximately 0.9%.
• GM’s dividend appears well covered, with a current payout ratio of 7.7%; analysts expect earnings of $14.73 per share next year versus the $0.72 annual dividend.
• Shares fell 6.7% to $77.17, despite GM reporting quarterly earnings of $3.70 per share and revenue of $50.02 billion, both slightly above analyst expectations.

General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U announced a quarterly dividend on Tuesday, October 20th. Investors of record on Friday, December 4th will be paid a dividend of $0.18 per share by the auto manufacturer on Thursday, December 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th.

General Motors has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. General Motors has a payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Analysts expect General Motors to earn $14.73 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 4.9%.

General Motors Stock Down 6.7%

NYSE GM traded down $5.58 during trading hours on Tuesday, reaching $77.17. 24,647,687 shares of the company traded hands, compared to its average volume of 7,631,888. The stock has a market capitalization of $67.72 billion, a PE ratio of 38.98, a PEG ratio of 0.46 and a beta of 1.40. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. General Motors has a 12 month low of $62.36 and a 12 month high of $91.85. The company has a 50 day moving average of $84.23 and a two-hundred day moving average of $81.22.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.01. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The company had revenue of $50.02 billion during the quarter, compared to the consensus estimate of $48.78 billion. During the same quarter in the previous year, the firm earned $2.80 EPS. The company's revenue was up 2.9% on a year-over-year basis. As a group, equities analysts expect that General Motors will post 13.53 earnings per share for the current year.

General Motors Company Profile

General Motors Company NYSE: GM is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells vehicles and related services through brands including Chevrolet, Buick, GMC and Cadillac.

GM's product lineup includes passenger cars, pickup trucks, sport utility vehicles, commercial vehicles and electric vehicles. The company is also developing connected-vehicle technologies, driver-assistance systems and charging and energy-management solutions.

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