General Motors Company announced yesterday that its Board of Directors has approved a 2nd quarterly dividend of $0.594 per share on its Series B mandatory convertible junior preferred stock.
“The dividend is payable June 1, 2011 to Series B holders of record as of May 15, 2011,” GM said. “The dividend is cumulative. The total amount of the dividend is approximately $59.4 million.”
Earlier this year GM declared a quarterly dividend of $0.647 per share or a total amount of $64.7 million.
– By: Omar Rana