GM declares quarterly dividends of $0.65 per share

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