General Motors Raises Dividend 20% and Launches $6B Buyback After Q4 EPS Beat
General Motors delivered Q4 adjusted EPS of $2.51 versus $2.20 forecast while generating $45.29 billion in revenue and hiked its quarterly dividend by 20% to $0.18. The automaker also authorized a $6 billion share repurchase and projected 2026 adjusted EBIT of $13–15 billion and EPS of $11–13.
1. Q4 Earnings and Revenue Performance
General Motors reported Q4 adjusted EPS of $2.51 versus a $2.20 estimate on revenue of $45.29 billion, reflecting solid operational performance in North America despite a slight top-line miss.
2. Dividend Increase
The board approved a 20% increase to the quarterly dividend, raising it to $0.18 per share, marking the third consecutive year of dividend growth as GM returns cash to shareholders.
3. Share Repurchase Program
GM’s board authorized a new $6 billion stock repurchase plan, following multi-year efforts that have materially reduced share count and aim to support long-term shareholder value.
4. 2026 Financial Outlook and Tariff Impact
GM forecasted 2026 adjusted EBIT of $13 billion to $15 billion and EPS of $11 to $13, targeting North American profit margins of 8%–10% while factoring in a 15% tariff on South Korean imports.