General Motors Co GM.N said on Friday it would reinstate quarterly dividend payouts, suggesting the automaker was confident it was past the worst risks from the pandemic and the economic turbulence of the past several months.The automaker had suspended dividend payments and share buybacks in April 2020 after the global coronavirus pandemic hit sales an <a href=https://www.cup-stanley.de>stanley cup</a> d impacted production, f <a href=https://www.stanley-mug.us>stanley mugs</a> orcing the company to conserve cash during the crisis.The first dividend, at the rate of 9 cents per share on the companys common stock, will be paid on Sept. 15, 2022, the carmaker said i <a href=https://www.stanley-cups.fr>stanley fr</a> n a statement.GM Chief Executive Mary Barra cited the companys electric vehicle EV expansion and domestic battery manufacturing infrastructure plans and said, progress on these key strategic initiatives has improved our visibility and strengthened confidence in our capacity to fund growth while also returning capital to shareholders. Cross-town rival Ford Motor Co F.N had also said in July it would restore its dividend to a pre-pandemic 15 cents a share.Shares of GM rose over 2 per cent to $39.36 in premarket trade.GM shares are down 33 per cent so far this year, even though the company has stuck to optimistic profit outlooks and told investors last month the disruptions to production caused by shortages of semiconductors were easing.Last year, the company boosted its spending plans on electric and autonomous vehicles to $35 billion through 2025 as it looks to catch up with EV leader Tesla Inc TSLA.O .Meanwhile, Duat MARY LOU KORITZKY
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