General Motors (GM) takes $9.3B hit from labor deals, plans $10B buyback
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GM Reinstates 2023 Earnings Guidance and Announces a $10 Billion Accelerated Share Repurchase Program and 33% Dividend Increase Starting in 2024
November 29, 2023 6:30 AM ESTDETROIT, Nov. 29, 2023 /PRNewswire/ --Â General Motors Co. (NYSE: GM) announced today it is reinstating its full-year 2023 earnings guidance. In addition, the company announced a $10 billion accelerated share repurchase (ASR) program and its intention to increase its common stock dividend by 33% beginning with the January 2024 declaration.
"GM will deliver very strong profits in 2023 thanks to an exceptional portfolio of vehicles that... More
