Today I added shares to my GM position.
- 100 shares @ $31.33 --- Yield 4.60%
Total capital invested is $3139.95 which will increase my yearly dividends by $144.00.
Well here I go again chasing another ugly duckling. I know this company is probably not on anyone's radar, therefore it is smack dab in the middle of mine. :-)
GM's original IPO price was $35 way back in 2010. It has gone from paying no dividend to a $.30 quarterly dividend. Earlier this year GM raised its dividend 20% making its new quarterly dividend $.36.
Last year it had a seemingly endless list of recalls that resulted in many deaths and impacted around 20 million vehicles.