Garrett Motion declares $0.17 cash dividend on Series A Preferred, paying in cash instead of PIK

Garrett Motion Inc.

Quarterly cash dividend of $0.17 per share on Series A Cumulative Convertible Preferred Stock.
Dividend payable October 3, 2022 to holders of record September 23, 2022.
Third quarter dividend paid in cash instead of allowing it to accrete; reduces compounding and future dilution.
CEO cites consistent cash generation and full repayment of Series B preferred as enabling this move.

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