GM Declares First Post-Bankruptcy Dividend on Common Shares

General Motors Co.'s board has declared a quarterly dividend of 30 cents per share, which will be payable on March 28 to all common stockholders of record as of March 18.

It's the first such payout since the company emerged from bankruptcy in 2009. The dividend announcement is also one of the final official pronouncements by Chairman and CEO Dan Akerson, who will relinquish those posts on Wednesday. GM already pays a dividend to preferred shareholders.

The company has posted 15 consecutive profitable quarters and generated $16.3 billion in adjusted cash flow from its automotive operations. GM finished the third quarter of 2013 with total automotive liquidity of $37.3 billion.