GM board expected to face dividend cut issue


  • Business
  • Thursday, 02 Feb 2006

DETROIT: When the board of General Motors Corp next convenes, directors of the world's largest vehicle maker will face an urgent question: Should GM cut its dividend to save cash and force stock investors to share the pain of its restructuring? 

GM is already under pressure from its largest individual shareholder, activist billionaire Kirk Kerkorian, to cut its US$2 annual dividend in half as part of a turnaround effort that would include shedding brands such as Saab and Hummer. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
The pros and cons of earned wage access
Making every load lighter
Making the Malaysian startup pitch
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
‘Muted optimism’

Others Also Read