General Motors raises 2016 guidance, dividend: "
"Our overall financial outlook for 2016 is based on a strong product launch cadence, growth in adjacent businesses, modest industry growth and aggressive efforts to drive efficiencies," said Mary Barra, chairman and CEO of General Motors.
In 2016, GM expects to earn between $5.25 and $5.75 a share. Its guidance for 2016 had previously called for between $5 and $5.50 a share. Meanwhile, the automaker increased its stock buyback program by $4 billion, bringing it to a total of $9 billion.
Finally, General Motors has raised its quarterly dividend by 6 percent, to $0.38 per share, beginning in the first quarter of this year."
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