Reported about 1 year ago
General Motors announced a new $6 billion share buyback plan, following a dividend increase and optimistic annual forecast, aiming to reduce its outstanding share count to under 1 billion. The company had previously outlined a $10 billion stock buyback and had raised its dividend by 33% in January. GM's market capitalization stands at $54 billion, with shares up 1% in premarket trading.
Source: YAHOO