General Motors Company (NYSE:GM) Shares to Pay Quarterly Dividend of $0.18

General Motors Company (NYSE:GM) (TSE:GMM.U) announced a quarterly dividend on Tuesday, October 20th. Shareholders of record on Friday, December 4th will be given a dividend of $0.18 per share by the auto manufacturer on Thursday, December 17th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, December 4th.

General Motors has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 3 years. General Motors has a payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect General Motors to earn $14.73 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 4.9%.

General Motors Trading Down 6.7%

General Motors stock traded down $5.58 during mid-day trading on Tuesday, hitting $77.17. 24,647,687 shares of the stock were exchanged, compared to its average volume of 7,631,888. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. General Motors has a 12 month low of $62.36 and a 12 month high of $91.85. The firm’s fifty day simple moving average is $84.23 and its two-hundred day simple moving average is $81.22. The stock has a market capitalization of $67.72 billion, a price-to-earnings ratio of 38.98, a PEG ratio of 0.46 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.01. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The firm had revenue of $50.02 billion for the quarter, compared to the consensus estimate of $48.78 billion. During the same quarter in the previous year, the company earned $2.80 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts forecast that General Motors will post 13.53 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of General Motors from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Royal Bank Of Canada boosted their target price on shares of General Motors from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, October 12th. Truist Financial set a $105.00 price target on shares of General Motors in a research report on Wednesday, October 7th. Jefferies Financial Group raised shares of General Motors from a “hold” rating to a “buy” rating and upped their price target for the company from $90.00 to $99.00 in a research report on Monday, July 27th. Finally, Barclays increased their price target on General Motors from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.18.

General Motors Company Profile

General Motors Company (NYSE: GM) is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells vehicles and related services through brands including Chevrolet, Buick, GMC and Cadillac.

GM’s product lineup includes passenger cars, pickup trucks, sport utility vehicles, commercial vehicles and electric vehicles. The company is also developing connected-vehicle technologies, driver-assistance systems and charging and energy-management solutions.