10 Cheap Quarterly Dividend Stocks to Buy Now

2. General Motors Company (NYSE:GM)

Forward P/E Ratio as of April 27: 4.24

General Motors Company (NYSE:GM) is an American multinational automotive company that sells trucks, cars, and auto parts, and offers software-based services and subscriptions. The company has been very active with share buybacks in recent years, significantly reducing its share count. From 2023 to 2025, the company announced $16 billion in buybacks, which notably influenced the stock’s performance. Additionally, GM introduced a new $6 billion share repurchase authorization and launched an accelerated share repurchase program to quickly execute $2 billion of this authorization.

In the fourth quarter of 2024, General Motors Company (NYSE:GM) posted revenue of $47.7 billion, marking an 11% increase from the previous year. However, net income fell by more than $5 billion, primarily due to one-off charges, including $4 billion in non-cash restructuring costs and write-downs related to certain joint ventures in China. Additionally, the company incurred $0.5 billion in expenses from halting funding for its Cruise robotaxi business.

On February 26, General Motors Company (NYSE:GM) announced a 25% increase in its quarterly dividend, raising it to $0.15 per share. GM has been paying consistent dividends since 2014, supported by its strong cash flow. In fiscal year 2024, the company reported $24 billion in both operating cash flow and free cash flow. Its quarterly dividend comes in at $0.15 per share for a dividend yield of 1.02%, as of April 27.