GM: new guidelines and payouts to shareholders

(CercleFinance.com) - After withdrawing its guidance in Q3, due to the UAW strike, General Motors (GM) has announced that it is reinstating its earnings guidance for 2023, expecting adjusted EPS of $7.
20 to $7.70 and adjusted EBIT of between E11.7bn and E12.7bn. NB: pmt +9%.

In addition, it unveiled a $10bn accelerated share repurchase (ASR) program (in addition to a remaining $1.4bn authorisation), due to end in Q4 2024.

Finally, the Detroit-based carmaker announced its intention to increase its quarterly dividend on common stock by 33% to 12 cents per share, beginning with the January 2024 payment.


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