Did GM suspend its dividend?

What is the current GM dividend?

General Motors (NYSE: GM) does not pay a dividend.

What happens when a dividend is suspended?

When a company suspends dividend payments, this means that it has canceled the payment it intended to issue to shareholders. This can happen for a period of time or for the foreseeable future, and can disrupt the plans of people who own that company’s shares.

How high will GM stock go?

Stock Price Forecast

The 22 analysts offering 12-month price forecasts for General Motors Co have a median target of 72.15, with a high estimate of 97.00 and a low estimate of 53.00. The median estimate represents a +32.56% increase from the last price of 54.43.

When did GM suspend dividend?

GM eliminated its dividend in 2008 during the recession. It resumed paying a quarterly dividend of 30 cents a share in 2014. The payout stood at 38 cents a share when it was suspended in April.

Can a company stop paying dividends?

Dividend payments are decided by the board of directors and must be approved by shareholders. These payments can be issued as cash or as shares of stock. A dividend cut occurs when a dividend-paying company either completely stops paying out dividends (usually a worst-case scenario) or reduces the amount it pays out.

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Why are companies suspending dividends?

The chief cause of a dividend suspension is the issuing company is under financial strain. Because dividends are issued to shareholders out of a company’s retained earnings, a struggling company may choose to suspend dividend payments to safeguard its financial reserves for future expenses.

What companies have stopped paying dividends?

Meredith (MDP) suspended its quarterly dividend of 60 cents a share amid a decline in ad revenue. Las Vegas Sands (LVS) suspended its quarterly dividend of 79 cents a share. Schlumberger (SLB) cut its dividend by 75% to 12.5 a share. ConocoPhillips (COP) suspended share repurchases.

Is GM a buy TipRanks?

According to TipRanks, GM stock has a Strong Buy consensus rating. Out of 15 analyst ratings, 14 rate it a Buy, and one analyst rates it a Hold.

What do analysts say about GM stock?

Based on analysts offering 12 month price targets for GM in the last 3 months. The average price target is $73.2 with a high estimate of $90 and a low estimate of $53.

Who is bigger Ford or GM?

Ford: Recent Performances. GM is a smaller company than Ford. GM’s total revenue for 2020 was $122 billion, a 10.75% decrease from the previous year. Ford’s total revenue was $127 billion, an 18.45% decrease from the previous year.