Lear Increases Share Repurchase Authorization to $1.5 Billion and Declares Quarterly Cash Dividend of $0.77 Per Share [Yahoo! Finance]
Lear Corporation (LEA)
Last lear corporation earnings: 1/28 06:00 am
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ir.lear.com
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Source: Yahoo! Finance
announced that its Board of Directors has approved an increase to the Company's share repurchase authorization to $1.5 billion and extended the authorization period until December 31, 2026 . In addition, the Board declared a quarterly cash dividend of per share on the Company's common stock. The dividend is payable on March 27, 2024 , to shareholders of record at the close of business on March 8 "The confidence Lear's Board has in the Company's outlook and its ability to generate free cash flow allows for the shareholder actions announced today," said Gregory C. Smith , Lear's Non-Executive Chairman. "The Board fully supports the Company's capital allocation priorities, which are designed to maximize long-term shareholder value by making organic and inorganic investments to drive profitable growth and improve competitiveness, maintaining a strong and flexible balance sheet, and consistently returning excess cash to shareholders." At the end of 2023, Lear had $916 million remaining
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News
- Lear (LEA) Earnings Expected to Grow: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Lear Co. (NYSE: LEA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Lear Co. (NYSE: LEA) had its price target raised by analysts at JPMorgan Chase & Co. from $177.00 to $179.00. They now have an "overweight" rating on the stock.MarketBeat
- Lear Wins General Motors 2023 Supplier of the Year AwardPR Newswire
- Lear Co. (NYSE: LEA) had its price target raised by analysts at Barclays PLC from $170.00 to $175.00. They now have an "overweight" rating on the stock.MarketBeat
LEA
Earnings
- 2/6/24 - Miss
LEA
Sec Filings
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- 4/2/24 - Form 4
- LEA's page on the SEC website