The Traderszone Network

Published in TZ Latest News 4 February, 2015 by The TZ Newswire Staff

GM raises dividend, more for investors could come later this year

General Motors Co said on Wednesday it plans to raise its dividend by 20 percent, a move that comes as investors are calling on the auto giant to give them a bigger slice of the company’s mounting pile of cash. GM Chief Financial Officer Chuck Stevens said in an interview Wednesday that further return of capital to investors could happen later this year as soon as legal issues tied to the recall of a defective ignition switch linked to at least 51 deaths are resolved.

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