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GM raises 2016 profit outlook, boosting share buybacks, dividend

2016-01-13 15:17:52| Automakers - Topix.net

Jan 13 General Motors Co said on Wednesday it will return cash to shareholders by raising its stock buyback program by 80 percent to $9 billion and increasing its dividend by 6 percent. GM also raised its 2016 earnings per share forecast to $5.25 and $5.75 per share from a previous 2016 outlook made in October of between $5.00 and $5.50 per share.

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