General Motors 2015 Annual Report Download - page 22
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Table of Contents
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 on which the stock is traded:
First quarter $ 38.99
$ 32.36
$ 41.06
$ 33.57
Second quarter $ 37.45
$ 33.06
$ 37.18
$ 31.70
Third quarter $ 33.61
$ 24.62
$ 38.15
$ 31.67
Fourth quarter $ 36.88
$ 29.98
$ 35.45
$ 28.82
At January 27, 2016 we had 1.5 billion issued and outstanding shares of common stock held by 447 holders of record.
Our Board of Directors began declaring quarterly dividends on our common stock in the three months ended March 31, 2014. It is anticipated that
dividends on our common stock will continue to be declared and paid quarterly. However the declaration of any dividend on our common stock is a matter to
be acted upon by our Board of Directors in its sole discretion. Any dividend 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 and other factors. Refer to
Item 6. Selected Financial Data for cash dividends declared on our common stock for the years ended December 31, 2015 and 2014.
October 1, 2015 through October 31, 2015 2,453,596
$ 33.51
2,394,261
$2.0 billion
November 1, 2015 through November 30, 2015 7,611,839
$ 35.90
7,579,511
$1.8 billion
December 1, 2015 through December 31, 2015 10,083,782
$ 35.46
7,886,056
$1.5 billion
Total 20,149,217
$ 35.39
17,859,828
__________
(a) Shares purchased consist of: (1) shares purchased under our previously announced common stock repurchase program; (2) shares retained by us for the payment of the
exercise price upon the exercise of warrants; and (3) shares delivered by employees or directors back to us for the payment of taxes resulting from issuance of common stock
upon the vesting of Restricted Stock Units (RSUs) and Restricted Stock Awards relating to compensation plans. Refer to Note 21 to our consolidated financial statements for
additional details on employee stock incentive plans and Note 19 to our consolidated financial statements for additional details on warrants issued.
(b) In March 2015 our Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock by the end of 2016. Effective January 2016 our Board of
Directors increased the authorization to repurchase up to an additional $4.0 billion of our common stock (or an aggregate total of $9.0 billion) by the end of 2017.
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