The world's biggest manufacturer has more owners than Baltimore or Houston has people, and last week these 1,150,000 investors had good reason to rejoice. General Motors Corp., reporting record nine-month profits of $1.36 billion on alltime sales of $13 billion, voted a year-end extra dividend of $2 a share. With higher dividends for the first three quarters, that will raise G.M.'s big payoff from $4 a share last year to $4.45 this year, and give some 250,000 shareholders enough for a down payment on a new Chevy or even a '65 Cadillac. While G.M.'s calculated munificence will reverberate throughout...
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