GM announces dividend increase, buyback plan, CEO highlights growth in ICE vehicles and EVs

From StockTwits: 2025-02-26 22:32:14

General Motors (GM) announced a $0.03 increase in its quarterly dividend to $0.15 per share, starting in April 2025. This news led to a 3.75% surge in GM shares, the largest single-day gain in over a month. The automaker also revealed a $6 billion share buyback plan and a 25% dividend hike. CEO Mary Barra highlighted the company’s growth in ICE vehicles and EVs, along with disciplined capital investments. Despite the positive news, GM stock is still down 9% this year due to concerns over potential U.S. tariffs on Canada and Mexico, key supply chain hubs for legacy automakers.



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