In the "Speaking of Dividends" column (subscription required, scroll down to the bottom of article) in this week's Barron's (issue dated May 16), Shirley Lazo reports that GM has declared its regular quarterly common dividend of 50 cents a share, the sum it has returned to shareholders since the first quarter of 1997. In fact, GM has paid dividends without interruption since 1915 (and this site believes management will move heaven and earth to keep the company's fat dividend intact).
GM currently yields 6.4% -- which makes riding out the company's turnaround a much less bumpy ride for shareholders. Especially, I believe, for those buying GM stock at current prices.
Comments