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VOL. 126 | NO. 18 | Thursday, January 27, 2011

General Motors Declares Quarterly Dividend

AP

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DETROIT (AP) – General Motors says its board is declaring a quarterly dividend of about 64.7 cents per share on its Series B mandatory convertible junior preferred stock.

The dividend will total $64.7 million. It is payable March 1 to those who own stock as of Feb. 15.

The automaker sought bankruptcy protection in 2009 and accepted nearly $50 billion in government help. The new GM had an initial public offering of stock in November.

Its global sales grew 12 percent last year, and it turned a $4.2 billion profit in the first nine months of the year. Financial results for the final three months of 2010 aren't in yet, but more profit is expected.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 47 6,819
MORTGAGES 0 57 9,337
FORECLOSURE NOTICES 0 0 1,990
BUILDING PERMITS 0 0 15,738
BANKRUPTCIES 3 58 6,117
BUSINESS LICENSES 0 24 2,622
UTILITY CONNECTIONS 0 124 8,592
MARRIAGE LICENSES 0 53 2,050

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