General Motors Declares Dividend on Preferred Stock

DETROIT--March 17, 2011: General Motors Company today announced its Board of Directors has approved a second quarterly dividend of $0.594 per share on its Series B mandatory convertible junior preferred stock. The dividend is payable June 1, 2011 to Series B holders of record as of May 15, 2011. The dividend is cumulative. The total amount of the dividend is approximately $59.4 million.