General Motors 2013 Annual Report Download - page 17

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GENERAL MOTORS COMPANY AND SUBSIDIARIES
Market Information
Shares of our common stock have been publicly traded since November 18, 2010 when our common stock was listed and began
trading on the New York Stock Exchange and the Toronto Stock Exchange. The following table summarizes the quarterly price
ranges of our common stock based on high and low prices from intraday trades on the New York Stock Exchange, the principal
market in which the stock is traded:
Years Ended December 31,
2013 2012
High Low High Low
Quarter
First .................................................................. $ 30.68 $ 26.19 $ 27.68 $ 20.75
Second ................................................................ $ 35.49 $ 27.11 $ 27.03 $ 19.24
Third ................................................................. $ 37.97 $ 33.41 $ 25.15 $ 18.72
Fourth ................................................................ $ 41.85 $ 33.92 $ 28.90 $ 22.67
Holders
At January 30, 2014 we had a total of 1.6 billion issued and outstanding shares of common stock held by 403 holders of record.
Dividends
So long as any share of our Series A Preferred Stock remains outstanding, no dividend or distribution may be declared or paid on
our common stock unless all accrued and unpaid dividends have been paid on our Series A Preferred Stock, subject to exceptions,
such as dividends on our common stock payable solely in shares of our common stock. Our secured revolving credit facilities contain
certain restrictions on our ability to pay dividends on our common stock, subject to exceptions, such as dividends payable solely in
shares of our common stock. At December 31, 2013 there were no dividends in arrears on our Series A Preferred Stock.
Since our formation, we had not paid any dividends on our common stock through the year ended December 31, 2013. In January
2014 our Board of Directors declared a dividend on common stock in the amount of $0.30 per share payable in March 2014. It is
anticipated that dividends on our common stock will be declared and paid quarterly subsequent to the initial dividend declaration.
However our payment of dividends in the future, if any, will be determined by our Board of Directors and will be paid out of funds
legally available for that purpose. Our payment of dividends in the future will depend on business conditions, our financial condition,
earnings, liquidity and capital requirements, the covenants in our secured revolving credit facilities and other factors.
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