General Motors (GM) will hike its quarterly dividend by 20.0 percent to $0.36 per share in 2015. Last year the car maker initiated a quarterly dividend and this is the first increase.

General Motors Company is a manufacturer of cars, trucks, crossovers and automobile parts worldwide. The company also provide automotive financing services through General Motors Financial Company, Inc. (GM Financial). General Motors brands include Buick, Cadillac, Chevrolet and GMC. The company also has equity ownership stakes in entities that meet the demands of customers in other countries, primarily in China, with vehicles developed, manufactured and/or marketed under the Baojun, Buick, Cadillac, Chevrolet, Jiefang and Wuling brands. GM was incorporated in the state of Delaware on July 10, 2009. General Motors Company began its operations when it acquired substantially all of the assets of Motors Liquidation Company (formerly, General Motors Corporation) in July 2009. GM’s common stock began trading on the New York Stock Exchange (NYSE) on November 17, 2010.