General Motors said on Wednesday it would increase its quarterly dividend by 25% and undertake a new $6-billion share buyback program. Shares of the automaker rose about 6% in morning trading. The U.S.

General Motors Co.’s stock rose more than 4% 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.

GM announced a 25% increase in its quarterly dividend and a new $6 billion share repurchase program, signaling confidence.