Detroit automaker General Motors (GM) has raised its quarterly dividend by 20% and announced a new $6 billion U.S. stock buyback program.
Going forward, General Motors will pay its shareholders a dividend of $0.18 U.S. per share, up from $0.15 U.S. a share previously.
The company’s board of directors also authorized a new $6 billion U.S. share repurchase program that continues efforts to reduce GM’s share count and boost its stock price.
At the end of 2025, the automaker had 904 million shares outstanding, down from 1.2 billion at the end of 2023.
The dividend increase and stock buybacks were announced along with mixed financial results from General Motors.
For the fourth quarter of 2025, General Motors reported earnings per share (EPS) of $2.51 U.S., which was ahead of the $2.20 U.S. expected on Wall Street.
However, revenue of $45.29 billion U.S. was short of the $45.80 billion U.S. consensus expectation of analysts.
In terms of guidance, General Motors said that it expects earnings of $13 billion U.S. to $15 billion U.S., and EPS of $11 U.S. to $13 U.S. for the entire year.
That outlook is in line with the consensus of $11.73 U.S. per share in 2026 earnings.
Management also said they expect spending of $10 billion U.S. to $12 billion U.S. this year as the company moves away from all-electric vehicles amid billions of dollars in write-downs.
Despite the pivot away from electric vehicles, General Motors remains in a strong position to return capital to shareholders, said management in the company’s earnings release.
GM stock has risen 45% over the last 12 months to trade at $79.43 U.S. per share.
