General Motors (NYSE:GM) Plans $0.12 Quarterly Dividend

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U declared a quarterly dividend on Monday, April 22nd, RTT News reports. Stockholders of record on Friday, June 7th will be given a dividend of 0.12 per share by the auto manufacturer on Thursday, June 20th. This represents a $0.48 annualized dividend and a dividend yield of 1.11%.

General Motors has decreased its dividend payment by an average of 1.8% per year over the last three years and has increased its dividend every year for the last 1 years. General Motors has a dividend payout ratio of 5.3% meaning its dividend is sufficiently covered by earnings. Analysts expect General Motors to earn $9.25 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 5.2%.

General Motors Stock Up 2.1 %

Shares of GM stock traded up $0.88 during trading hours on Monday, hitting $43.25. 21,293,516 shares of the company's stock traded hands, compared to its average volume of 17,444,668. General Motors has a 12-month low of $26.30 and a 12-month high of $46.04. The stock has a market cap of $49.93 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 0.50 and a beta of 1.51. The stock's fifty day simple moving average is $41.73 and its two-hundred day simple moving average is $35.96. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 1.21.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.08. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The company had revenue of $42.98 billion during the quarter, compared to analyst estimates of $38.81 billion. During the same period in the previous year, the business earned $2.12 EPS. The firm's revenue for the quarter was down .3% on a year-over-year basis. On average, analysts expect that General Motors will post 9.12 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the sale, the chief accounting officer now owns 12,007 shares in the company, valued at $540,315. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Rory Harvey sold 5,100 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $43.04, for a total value of $219,504.00. Following the sale, the executive vice president now owns 12,658 shares in the company, valued at $544,800.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now owns 12,007 shares in the company, valued at approximately $540,315. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,248 shares of company stock valued at $3,614,078. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays lifted their target price on shares of General Motors from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. The Goldman Sachs Group boosted their price target on shares of General Motors from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, January 31st. Tigress Financial upped their price target on shares of General Motors from $86.00 to $88.00 and gave the company a "strong-buy" rating in a report on Thursday, February 15th. Mizuho increased their price objective on shares of General Motors from $44.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, March 25th. Finally, Piper Sandler started coverage on shares of General Motors in a research note on Friday, March 15th. They set a "neutral" rating and a $44.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $51.57.

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.