General Motors (GM) said Wednesday that its increasing the automaker's quarterly dividend, while announcing a $6 billion share repurchase program that includes a portion to be executed on an accelerated basis.

General Motors Co.’s stock jumped 4.2% early Wednesday, after the auto giant said its board has approved a 3 cent-per-share increase in its quarterly dividend in addition to a new $6 billion share-buyback authorization.

EST General Motors (GM) announces new $6B share buyback authorization, increased dividendDiscover the Best Stocks and Maximize Your

Key Takeaways Shares of General Motors are rising Wednesday after the automaker announced a new $6 billion stock buyback plan and raised its quarterly dividend.The automaker said it would lift its dividend to $0.