General Motors suspends its quarterly dividend to help navigate around coronavirus uncertainty
General Motors on Monday announced it was suspending its quarterly cash dividend on its common stock to help navigate around coronavirus uncertainty.
GM Chief Financial Officer Dhivya Suryadevara said:"We continue to enhance our liquidity to help navigate the uncertainties in the global market created by this pandemic." Visit Business Insider's homepage for more storiesGeneral Motors has suspended its quarterly cash dividend on its common stock and suspended its share repurchases program to navigate the uncertainties during the coronavirus pandemic.
This follows the extension of a $2 billion 364-day revoving credit agreement to April 2021 that GM and GM Financial reviewed earlier this month. :"We continue to enhance our liquidity to help navigate the uncertainties in the global market created by this pandemic."
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