"The stock's dividend currently yields 0.97%, or 15 cents quarterly, at current its current price. Earlier this summer, it was reported that the company will invest $888 million at its Buffalo, N.Y.-based Tonawanda Propulsion plant to build its next-generation V8 engines. Despite GM's significant investments in EVs, the legacy automaker saids it will start the small-block V8 production in 2027. The stock remains down 2.94% as tariff uncertainty remains a headwind."
"GM's ascent to the pinnacle of U.S. manufacturing clout and excellence in post-WWII era America made Chevrolet and Buick household names, with Cadillac hailed as the Holy Grail of luxury cars. General Motors' supremacy has since been supplanted by rivals - both foreign and domestic - but the company continues to maintain a global presence in the automotive industry. The Detroit-headquartered carmaker has seen its stock produce a healthy 103.33% return over the past five years, not factoring for its dividend."
Shares of General Motors have risen over recent months, lifting year-to-date performance to about 20.58% and producing a five-year return near 103.33% excluding dividends. The stock's dividend yields roughly 0.97% (15 cents quarterly). The company plans an $888 million investment at its Tonawanda Propulsion plant to build next-generation small-block V8 engines, with production slated to begin in 2027. GM continues significant investments in electric vehicles while maintaining a global parts network of about 3,100 primary suppliers and operations in Mexico, Canada and Asia. Tariff uncertainty remains a persistent headwind.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]