Are Dividends and Buybacks Now Central to GM's Capital Strategy?

Key Takeaways GM has made buybacks central to capital allocation, retiring over 465 million shares since late 2023.GM generated $10.6B in 2025 automotive free cash flow, up from a $3B average five years ago.General Motors raised its quarterly dividend 20% and approved a new $6B buyback authorization.U.S. legacy automaker General Motors (GM) has been generating strong free cash flow. In recent years, the company has become more focused on returning that cash to shareholders. Buybacks and dividends are now a ...