The COVID-19 pandemic led to fewer sales and earnings for companies and they resorted to dividend cuts to conserve their cash. The consumer discretionary sector was hit particularly hard. General Motors (GM) and Ford (F), the top two U.S. automakers respectively, also suspended their dividends.
Is GM paying dividends in 2021?
General Motors (NYSE: GM) does not pay a dividend.
Is GM dividend coming back?
GM’s dividend, suspended last April, may return. It is still early in 2021, but so far it’s been a good year for General Motors. … “GM continues to diversify its business as it expands into electric and autonomous vehicles.
How much is GM dividend?
GM Dividend History
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What months does GM pay dividends?
Dividend History for General Motors (GM)
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What stock pays the highest dividend?
25 Top-Paying Dividend Stocks That Will Make You Rich
- Franklin Resources. …
- Walgreens Boots Alliance. …
- AbbVie Inc. …
- Federal Realty Investment Trust. …
- People’s United Financial. Annual dividend: $0.72. …
- Chevron Corp. Annual dividend: $5.16. …
- AT&T Inc. Annual dividend: $2.08. …
- Exxon Mobil Corp. Annual dividend: $3.48.
Is GM stock a buy or sell?
GM stock currently trades at only 7.5 times estimated 2022 earnings, a huge discount to the S&P 500 multiple of 20 times. … GM remains a popular stock among analysts. Only two of 23 rate shares Hold, and no one rates it Sell. More than 90% rate shares Buy.
Is Ford’s dividend safe 2020?
Ford suspended its dividend in March of 2020 in a decision that was made at the height of uncertainty regarding the coronavirus pandemic. … Ford saved about $2.4 billion in cash last year by not distributing the quarterly dividend of $0.15 per share.
Will GM stock go up?
GM is currently up by 3.6% today and is trading above $58 per share. Year-to-date, GM has performed excellently. It began 2021 trading at $41 per share. However, numerous changes in the company and the focus on electric vehicles have helped it rally higher and maintains its upward momentum.
Does Coca Cola stock pay dividends?
The Company normally pays dividends four times a year, usually April 1, July 1, October 1 and December 15. Shareowners of record can elect to receive their dividend payments electronically or by check in the currency of their choice.
Can you live off of dividends?
Over time, the cash flow generated by those dividend payments can supplement your Social Security and pension income. Perhaps, it can even provide all the money you need to maintain your preretirement lifestyle. It is possible to live off dividends if you do a little planning.
Are dividend stocks worth it?
Investors should be aware of extremely high yields, since there is an inverse relationship between stock price and dividend yield and the distribution might not be sustainable. Stocks that pay dividends typically provide stability to a portfolio, but do not usually outperform high-quality growth stocks.