Printer Friendly

GENERAL MOTORS DECLARES DIVIDENDS

 GENERAL MOTORS DECLARES DIVIDENDS
 NEW YORK, May 4 /PRNewswire/ -- The General Motors board of


directors declared dividends of $0.40 per share on GM's $1-2/3 par value common stock, $0.09 per share on Class E common stock (on a post-split basis) and $0.18 per share on Class H common stock. Dividends on the Class E and Class H common stocks are payable June 10, 1992 to holders of record May 14, 1992. The dividend on $1-2/3 par value common stock will also be payable June 10, 1992, but the record date has been established as June 5, 1992 because of the global equity offering being conducted during May.
 Each common stock dividend represents a continuation of the current rate: the quarterly rate on $1-2/3 par value common stock was established in the first quarter of 1991; the rate for Class E common stock was set in the first quarter of 1992, when the stock was also split two-for-one in the form of a 100 percent stock dividend; and the rate for Class H common stock has been in effect since the first quarter of 1989.
 The board also approved quarterly dividends of $0.36 per share on Series E-III and Series H-III preference stocks. These dividends are also payable June 10, 1992 to holders of record on May 14, 1992.
 In addition, the Board declared quarterly dividends of $1.25 per share on $5.00 series preferred stock; $0.9375 per share on $3.75 series preferred stock; $0.570313 per Series B depositary share; $0.8125 per Series C depositary share; and $0.715 per share on Series E-I and E-II preference stock. Dividends on these stocks are payable Aug. 1, 1992 to stockholders of record on July 6, 1992.
 Holders of GM's Preference Equity Redemption Cumulative Stock (PERCS) will receive $0.8275 per share on June 1, 1992. That dividend will be paid to holders of record on May 14, 1992.
 -0- 5/4/92
 /CONTACT: William B. Winters of General Motors, 212-418-6380/
 (GM) CO: General Motors Corporation ST: New York, Michigan IN: AUT SU: DIV


SH -- NY079 -- 6101 05/04/92 13:43 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 4, 1992
Words:362
Previous Article:GUARDSMAN PRODUCTS AGREES TO PURCHASE THE INDUSTRIAL COATINGS BUSINESS OF THE STULB COMPANY
Next Article:ACR ENHANCES USEFULNESS OF CALLER ID, RESTORES BALANCE OF PRIVACY


Related Articles
GENERAL MOTORS DECLARES DIVIDEND
GENERAL MOTORS DECLARES DIVIDEND
GENERAL MOTORS DECLARES DIVIDENDS
GENERAL MOTORS DECLARES DIVIDEND ON DEPOSITARY SHARES
GM SERIES G DEPOSITARY SHARES DIVIDEND
GM BOARD DECLARES DIVIDENDS
GM DECLARES DIVIDENDS; INCREASE FOR CLASS E AND CLASS H STOCKS
GM DECLARES DIVIDEND
GM BOARD DECLARES QUARTERLY DIVIDENDS
GM Board Declares Quarterly Dividend

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters