OREANDA-NEWS. General Motors (NYSE: GM) today announced that its Board of Directors has approved a quarterly dividend of USD 0.59375 per share on its Series B mandatory convertible junior preferred stock.

The dividend is payable June 3, 2013 to Series B holders of record as of May 15, 2013. The dividend is cumulative. The total amount of the dividend is approximately USD 59.4 million.