GM raises quarterly dividend, initiates $6 billion stock buyback

DETROIT – General Motors is raising its quarterly dividend and initiating a new $6 billion share repurchase program as the company attempts to reward investors amid slowing industry sales and profits.GM announced Wednesday it is increasing its quarterly dividend by 25% to 15 cents per share — matching that of crosstown rival Ford Motor. The higher dividend is expected to take effect with the company's next planned payout, scheduled to be announced in April.Under the$ 6 billion repurchase plan, $2 billion in ...