GM could cut dividend in nod to union, bondholders

Newswire

DETROIT, March 24 (Reuters) - General Motors Corp. will likely cut its high dividend within the next two years in a symbolic gesture to its largest union that workers won't be the only ones making painful concessions to resurrect the automaker, analysts said on Thursday. A cut in the shareholder payout by GM, which last week warned that its first-quarter earnings would be its worst since it nearly went bankrupt in 1992, would also signal to bondholders that the automaker is doing ...

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