Unlike rival Ford Motor , General Motors has decided against reinstating its dividend despite record profitability. General Motors (ticker: GM) reported fourth-quarter earnings on Tuesday and noted that it achieved record net income of $10 billion during 2021.
How much does GM stock pay in dividends?
General Motors (NYSE: GM) does not pay a dividend.
Will GM pay a dividend again?
General Motors Co., which suspended its dividend in April 2020, has yet to reinstate the payout, despite CEO Mary Barra saying last November that the company expects to resume dividends “around mid-2021.” When asked again about the dividend plan in an earnings call in February, Barra said she would defer comments on it …
Does GM pay a dividend in 2022?
No dividend
GM plans to spend between about $9 billion and $10 billion a year in the medium term, including in 2022. “As we move forward, we will consider all opportunities to return excess capital to shareholders, but we will not reinstate a dividend at this time,” Barra said.
When was the last time GM paid a dividend?
General Motors Dividend History
General Motors started paying dividends in FY14 at $1.2 per share, which subsequently reached $1.52 per share ($0.38 per quarter) in FY16, and the dividend lasted until the first quarter of 2020 before GM suspended the payments due to COVID-19.
Does GM pay a dividend in 2021?
GM’s old quarterly dividend was 38 cents a share. Reinstating that would cost the company about $2 billion annually, or 20% of projected net income this year, and result in a yield of nearly 3%. GM is expected to earn about $7 a share this year, in line with 2021.
What months does GM pay dividends?
GM Dividend History
| Ex/EFF DATE | TYPE | PAYMENT DATE |
|---|---|---|
| 03/05/2020 | CASH | 03/20/2020 |
| 12/05/2019 | CASH | 12/19/2019 |
| 09/05/2019 | CASH | 09/20/2019 |
| 06/06/2019 | CASH | 06/21/2019 |
What is Tesla’s dividend?
Tesla has never declared dividends on our common stock. We intend on retaining all future earnings to finance future growth and therefore, do not anticipate paying any cash dividends in the foreseeable future.
Is GM stock undervalued?
General Motors’ stock (NYSE: GM) at the current price of $50 seems underpriced compared to Trefis’ GM’s Valuation of $69. In recently concluded FY 2021 results, the company recorded revenue of $128 billion (includes GM China), up 4% y-o-y. Meanwhile EPS was recorded at $6.70 up from $4.33 in the previous year.
How often does GM stock pay dividends?
There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 4.8.
Does Amazon pay a dividend?
Amazon’s lack of a dividend certainly has not hurt investors to this point, as Amazon has been a premier growth stock. Over the past 10 years, Amazon stock generated returns above 30% per year. But for income investors, Amazon may not be an attractive option due to the lack of a dividend payment.
How much money does General Motors make a year?
General Motors generated some 127 billion U.S. dollars in revenue during the 2021 fiscal year, a rise of 3.7 percent year-on-year. Revenue from GM’s automotive segments increased by 3.7 percent overall and five percent in markets outside North America.