GM declares first dividend since bankruptcy
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The first since 2008 comes as the automaker's prospects have brightened
DETROIT -- General Motors declared a quarterly dividend of 30 cents a share Tuesday, its first since the automaker's prospects darkened in 2008, leading to its bankrutpcy filing.
The dividend, which would amount to $1.20 a share a year, comes as the reorganized automaking giant is seeing better business for its cars and trucks, not just in the U.S. but around the world.
The dividend is another aspect to a big week at GM, which also saw the automaker roll out a bevy of new models at the North American International Auto Show and incoming CEO Mary Barra begins the transition of power from outgoing CEO Dan Akerson.
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