How Safe Is General Motors' Dividend?
Auto stocks are the classic cyclical stocks: Profits swell during economic upswings, driving stock prices upward -- but when the economy turns down, profits can shrink, or even swing to losses.
That makes automakers like General Motors (NYSE: GM) a conundrum for dividend-minded investors. GM's dividend yield is quite good at the moment, but will GM's dividend get cut or disappear entirely during the next recession?
Let's take a closer look at GM to see whether its dividend is one that we can rely on over the longer term.
Source: Fool.com
General Motors Corp Stock
€43.02
0.490%
Currently there is a rather positive sentiment for General Motors Corp with 32 Buy predictions and 5 Sell predictions.
With a target price of 48 € there is a slightly positive potential of 11.58% for General Motors Corp compared to the current price of 43.02 €.
