Skip to Content

General Motors reinstates dividend suspended in pandemic

KIFI

Associated Press

DETROIT (AP) — General Motors will reinstate quarterly dividend payments that were suspended during the pandemic that shut down its factories. The automaker said Friday that the dividend of 9 cents per share will be paid on Sept. 15 to shareholders of record on Aug. 31. GM canceled its quarterly dividend in April 2020 as COVID-19 spread unchecked and manufacturing in the U.S. screeched to a near halt. The last time the Detroit automaker suspended dividend payments was in 2008 during the nation’s worst economic downturn since the Great Depression. Those payments resumed six years later, in 2014.

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content