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GM Hikes 2016 Profit Forecast, Boosts Stock Buyback by $4 billion

January 15th, 2016

DETROIT -- General Motors raised its earnings projection for 2016 by 25 cents a share, increased the size of its share buyback and boosted the dividend to start the year.

GM forecast adjusted earnings per share of $5.25 to $5.75 for the year. Anticipating better profits, GM’s board raised the share buyback plan to $9 billion from $5 billion and boosted the dividend to 38 cents a share from 36 cents...READ MORE

Source: Automotive Fleet