General Motors Company : General Motors Declares Dividend on Preferred Stock
January 15, 2013 at 10:10 pm
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General Motors Declares Dividend on Preferred Stock
Tue, Jan 15 2013
DETROIT - General Motors (NYSE: GM) today announced that its Board of Directors has approved a quarterly dividend of $0.59375 per share on its Series B mandatory convertible junior preferred stock. The dividend is payable March 1, 2013 to Series B holders of record as of Feb. 15, 2013. The dividend is cumulative. The total amount of the dividend is approximately $59.4 million.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM's brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.
General Motors Company is specializes in the construction and marketing of cars. Net sales break down by activity as follows:
- sale of cars (91.7%): 5.9 million vehicles (primarily individual cars and heavy trucks; Buick, Chevrolet, Cadillac, GMC, Holden, Baojun, Jiefang and Wuling brands) sold in 2023;
- financial services (8.3%): activity assured the United States (85.5% of net sales) and abroad (14.5%).
The United States account for 81.2% of net sales.
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