General Motors Company (GM) to Distribute Quarterly Dividend of $0.18 on September 17th

General Motors Company (NYSE:GM) (TSE:GMM.U) declared a quarterly dividend on Monday, July 20th. Stockholders of record on Friday, September 4th will be given a dividend of 0.18 per share by the auto manufacturer on Thursday, September 17th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 4th.

General Motors has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. General Motors has a payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. 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 1.2%

GM opened at $85.32 on Wednesday. The company has a market cap of $74.86 billion, a P/E ratio of 43.09, a PEG ratio of 0.49 and a beta of 1.32. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $82.78 and its 200-day moving average is $79.71. General Motors has a 1-year low of $54.33 and a 1-year high of $91.85.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. The business had revenue of $48.03 billion during the quarter, compared to analysts’ expectations of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Equities research analysts predict that General Motors will post 13.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wedbush restated an “outperform” rating and set a $95.00 price objective on shares of General Motors in a research report on Monday, May 11th. Jefferies Financial Group upgraded General Motors from a “hold” rating to a “buy” rating and boosted their price target for the stock from $90.00 to $99.00 in a report on Monday, July 27th. Benchmark reaffirmed a “buy” rating on shares of General Motors in a research note on Tuesday, July 21st. Morgan Stanley raised their price objective on shares of General Motors from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company lifted their target price on shares of General Motors from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.41.

About General Motors

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.