Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information Shares of our common stock are publicly traded on the New York Stock Exchange under the symbol "GM".
Holders At January 16, 2025, we had 1.0 billion issued and outstanding shares of common stock held by 444 holders of record.
Dividends In September 2022, our Board of Directors reinstated a quarterly dividend of $0.09 per share of our common stock and in December 2023, increased the quarterly dividend to $0.12 per share of our common stock beginning in 2024. We anticipate that we will continue to declare and pay dividends on our common stock 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 and will depend on various factors, including our financial condition, operating results, available cash, and current and anticipated cash needs, as described further in the "Liquidity and Capital Resources" section of the MD&A.
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GENERAL MOTORS COMPANY AND SUBSIDIARIES
Stock Performance Graph The following graph compares the performance of our common stock to the Standard & Poor's (S&P) 500 Stock Index and the Dow Jones Automobile & Parts Titans 30 Index for the last five years. It assumes $100 was invested o n December 31, 2019, with dividends being reinvested.
The following table summarizes stock performance graph data points in dollars:
Years Ended December 31,
2019 2020 2021 2022 2023 2024
General Motors Company $ 100 $ 121 $ 170 $ 98 $ 106 $ 159
S&P 500 Stock Index $ 100 $ 118 $ 152 $ 125 $ 158 $ 197
Dow Jones Automobile & Parts Titans 30 Index $ 100 $ 151 $ 188 $ 128 $ 170 $ 183
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GENERAL MOTORS COMPANY AND SUBSIDIARIES
Purchases of Equity Securities The following table summarizes our purchases of common stock in the three months ended December 31, 2024:
Total Number of Shares Purchased(a)(b) Weighted-Average Price Paid per Share(b)(c) Total Number of Shares Purchased Under Announced Programs(b)(d) Approximate Dollar Value of Shares That May Yet be Purchased Under Announced Programs(b)(d)
October 1, 2024 through October 31, 2024
Final settlement of ASR(b) 19,078,910 19,078,910
Other shares purchased 8,946,822 $ 48.77 8,789,744 $4.6 billion
November 1, 2024 through November 30, 2024
Final settlement of ASR(b) 6,213,168 6,213,168
Other shares purchased 44,026,509 $ 55.88 44,026,379 $2.1 billion
December 1, 2024 through December 31, 2024 33,860,946 $ 52.51 33,860,946 $0.3 billion
Total 112,126,355 $ 53.83 111,969,147
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(a) Shares purchased include shares delivered by employees or directors to us for the payment of taxes resulting from issuance of common stock upon the vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) relating to compensation plans. In June 2020, our shareholders approved the 2020 Long-Term Incentive Plan (LTIP), which authorizes awards of stock options, stock appreciation rights, RSUs, PSUs or other stock-based awards to selected employees, consultants, advisors and non-employee Directors of the Company. Refer to Note 22 to our consolidated financial statements for additional details on employee stock incentive plans.
(b) During the three months ended December 31, 2023, we entered into the accelerated share repurchase (ASR) agreements (collectively, the ASR Agreements) to repurchase an aggregate $10.0 billion of common stock, and we received and immediately retired approximately 215 million shares of our common stock (68% of the $10.0 billion aggregate purchase price calculated on the basis of a price of $31.60 per share, the closing share price of our common stock on November 29, 2023). In March 2024, upon the first settlement of the transactions contemplated under the ASR Agreements, we received approximately 4 million additional shares of our common stock, which were immediately retired. There were no settlements under the ASR Agreements in the three months ended June 30, 2024 or September 30, 2024. In the three months ended December 31, 2024, upon the final settlement of the transactions contemplated under the ASR Agreements, we received approximately 25 million additional shares, which were immediately retired. The final number of shares received was based on the average of the daily volume-weighted average prices of our common stock during the term of the ASR Agreements, less a discount pursuant to the terms and conditions of the ASR Agreements.
(c) The weighted-average price paid per share excludes broker commissions.
(d) In November 2023, our Board of Directors increased the capacity under the share repurchase program by $10.0 billion to an aggregate of $11.4 billion and approved the $10.0 billion ASR program. In June 2024, our Board of Directors approved a new share repurchase authorization to repurchase up to an additional $6.0 billion of our outstanding common stock. At December 31, 2024, we had $0.3 billion in capacity remaining under the share repurchase program, with no expiration date.
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Item 6. [Reserved]
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