General Motors Co. Plans Special Dividend of $0.30 (GM)
General Motors (NYSE:GM) announced a special dividend on Wednesday, January 15th, AnalystRatingsNetwork.com reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.30 per share on Friday, March 28th. The ex-dividend date is Friday, March 14th.
GM has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of General Motors in a research note to investors on Wednesday. They now have a $0.30 price target on the stock. On the ratings front, analysts at ISI Group initiated coverage on shares of General Motors in a research note to investors on Monday. They set a “hold” rating and a $45.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of General Motors in a research note to investors on Monday, December 23rd. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $44.42.
Shares of General Motors (NYSE:GM) traded down 1.60% on Wednesday, hitting $39.38. 89,207,632 shares of the company’s stock traded hands. General Motors has a one year low of $26.19 and a one year high of $41.85. The stock’s 50-day moving average is $40.16 and its 200-day moving average is $37.04. The company has a market cap of $54.698 billion and a P/E ratio of 17.02. General Motors also was the recipient of unusually large options trading on Wednesday. Stock investors bought 121,870 call options on the stock. This is an increase of approximately 134% compared to the typical volume of 52,010 call options.
General Motors (NYSE:GM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.93 by $0.03. The company had revenue of $39.00 billion for the quarter, compared to the consensus estimate of $39.50 billion. During the same quarter last year, the company posted $0.90 earnings per share. General Motors’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that General Motors will post $3.40 earnings per share for the current fiscal year.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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