Seeking Alpha
All posts from Seeking Alpha
Seeking Alpha in Seeking Alpha - Read, Decide, Invest.,

Could An Activist Take On General Motors?

General Motors (NYSE:GM) recently declared a $0.30 quarterly dividend - a move that was undoubtedly disappointing to GM investors, myself included, who had been hoping for an increase, especially after Ford (NYSE:F) recently hiked its dividend by 20%. Analysts weren't pleased, with Stern Agee arguing that management's decision to hold steady the dividend was a "mistake" and a "cold slap in the face [to shareholders]." Kyle Bass, a vocal hedge fund manager who has a large position (4M shares) in GM, proclaimed that GM could double its dividend with the amount of free cash flow the business currently…