dividend
confidence high
sentiment positive
materiality 0.55
Lear increases buyback authorization to $1.5B, declares $0.77 quarterly dividend
LEAR CORP
- Board declared $0.77/share quarterly dividend, payable March 27, 2024 to holders of record March 8, 2024.
- Share repurchase authorization increased to $1.5B and extended through December 31, 2026.
- At end 2023, $916M remained under prior authorization; new authorization equals ~19% of market cap.
- Since 2011, Lear has returned $5.2B to shareholders, repurchasing ~53% of shares outstanding at program start.