GM raises quarterly dividend, launches $6 billion stock buyback program

General Motors has reportedly raised its quarterly dividend and launched a new $6 billion stock buyback program. GM is trying to give back to investors amid slowing sales and profits in the auto industry. On February 26, the company announced a 25% increase in its quarterly dividend to 15 cents per share, matching the quarterly dividend of rival Ford Motor Company. In addition, the company plans to complete $2 billion in stock buybacks in the second quarter.