GM Announces First Dividend In Six Years
Jan 15, 2014, 03:23 IST
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It's the automaker's first dividend since May 2008.
Over the weekend, GM execs hinted the dividend was coming but did not specify a timetable.
In 2009, the U.S. government took over management of the firm as it faced bankruptcy. It re-floated its shares in 2010 with the largest IPO in U.S. history.
Last month, the Treasury department sold its last share of GM equity. U.S. taxpayers took a $10.5 billion loss.
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Shares are up 3% in after-hours trading.