General Motors reinstates dividend suspended in pandemic

Associated Press

DETROIT (AP) — General Motors will reinstate quarterly dividend payments that were suspended during the pandemic that shut down its factories. The automaker said Friday that the dividend of 9 cents per share will be paid on Sept. 15 to shareholders of record on Aug. 31. GM canceled its quarterly dividend in April 2020 as COVID-19 spread unchecked and manufacturing in the U.S. screeched to a near halt. The last time the Detroit automaker suspended dividend payments was in 2008 during the nation’s worst economic downturn since the Great Depression. Those payments resumed six years later, in 2014.