DETROIT, Jan. 14 (UPI) -- General Motors Co.'s directors announced a quarterly dividend of 30 cents per common share Tuesday, its first premium since coming out of bankruptcy in 2009.
"Our fortress balance sheet, substantial liquidity, consistent earnings and strong cash flow provide the foundation for an ongoing payout," Dan Ammann, executive vice president and chief financial officer who will become GM's president Wednesday, said in a release posted on the Detroit automaker's website.