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General Motors Approves $20 billion Share Repurchase and Reduction in Outstanding Shares

The Motley Fool +1 ·

GM General Motors Company
$75.92 -1.67%
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STLA STLA -4.92%
  1. 1General Motors announced approval for a new multi-year share repurchase program worth $20 billion during the third quarter.
  2. 2Since early 2023, General Motors has recorded a reduction rate of nearly 40% of its outstanding shares.
  3. 3General Motors' total return of 12.59% is higher than Ford Motor Company's 5.7%.

So what's the key point?

General Motors has decided to buy back an additional $20 billion worth of its own shares. As the number of shares decreases, its total return is appearing higher than Ford's.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

Wall Street Analysts Recommend Buying the Dip Amid General Motors Stock Decline Bloomberg · 2d agoGeneral Motors Q3 Net Profit Surges 151% · $20 billion Share Buyback Approved The Motley Fool +1 · 4d agoGeneral Motors achieves record Q3 revenue and approves $20 billion share buyback The Motley Fool · 4d ago
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