GM declares quarterly dividends of $0.65 per share

GM Renaissance Center

And now for some boring news that us car enthusiasts probably could car less about…

General Motors Company today announced that its Board of Directors declared a quarterly dividend of approximately $0.647 per share on its Series B mandatory convertible junior preferred stock. The dividend is payable March 1, 2011 to Series B holders of record as of February 15, 2011. The dividend is cumulative. The total amount of the dividend is approximately $64.7 million.

– By: Omar Rana