General Motors Co GM Stock Quote

General Motors stopped its quarterly dividend of $0.38 per share in April 2020 because of the pandemic. Since its October 2021 analyst day, management has had multiple high-profile public opportunities to say it will eventually resume its dividend but not committed to doing so, which supported our October prediction that GM would pay special dividends rather than a regular quarterly one. CEO Mary Barra on the firm’s Feb. 1 earnings call said the dividend would not resume at the time but the company would eventually consider all options to return excess capital to shareholders. CFO Paul Jacobson at an Aug. 9 investor conference answered a question about the dividend in a way that to us seemed more open to the dividend resuming than management had talked about since October. He talked about having a consistent return to shareholders in more stable economic times and that he liked the flexibility of share repurchases but also the consistency and discipline of a dividend.