General Motors Company (NYSE:GM) Announces $0.15 Quarterly Dividend

General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U declared a quarterly dividend on Monday, July 21st, RTT News reports. Stockholders of record on Friday, September 5th will be given a dividend of 0.15 per share by the auto manufacturer on Thursday, September 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%.

General Motors has a dividend payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect General Motors to earn $11.82 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 5.1%.

General Motors Stock Up 0.0%

Shares of NYSE:GM traded up $0.03 during trading on Monday, hitting $53.25. The company's stock had a trading volume of 13,031,532 shares, compared to its average volume of 12,586,591. The business has a 50 day moving average price of $50.02 and a two-hundred day moving average price of $48.69. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21. The company has a market capitalization of $51.19 billion, a PE ratio of 7.67, a P/E/G ratio of 1.42 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The company had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. During the same period last year, the firm earned $2.62 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GM has been the topic of several research analyst reports. Wedbush cut their price objective on General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday. Benchmark assumed coverage on General Motors in a report on Monday. They issued a "buy" rating and a $65.00 price objective for the company. Sanford C. Bernstein set a $36.00 price objective on General Motors in a research report on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a research report on Monday, April 14th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, General Motors presently has a consensus rating of "Hold" and a consensus target price of $56.05.

Institutional Inflows and Outflows

An institutional investor recently raised its position in General Motors stock. Brighton Jones LLC raised its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 456.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,717 shares of the auto manufacturer's stock after acquiring an additional 31,755 shares during the period. Brighton Jones LLC's holdings in General Motors were worth $2,062,000 as of its most recent SEC filing. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.

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