FOR RELEASE: August 2, 1999 CONTACT: Catherine Dunsby PHONE: (212) 418-6385
DETROIT, MI -- The General Motors Board of Directors today declared a quarterly dividend of $0.50 per share on GM $1-2/3 par value common stock. The dividend is payable Sept. 10, 1999, to holders of record as of Aug. 12, 1999. The dividend rate is unchanged from the previous quarter.
The GM board also today declared the following quarterly dividends: $0.495 per Series D depositary; and $0.57 per GM Series G depositary share. These dividends are payable Nov. 1, 1999, to holders of record on Oct. 4, 1999. In addition, the board today declared two dividends on the Series H preference stock. A dividend of $0.5853 per share of Series H preference stock is payable on Aug. 2, 1999, to the sole holder of record on that date for the brief period between the close of the transaction and the end of the first quarter. A quarterly dividend of $8.7793 per share for the Series H preference stock is payable Nov. 1, 1999, to the holder of record on Oct. 4, 1999.
