Lear Corporation Buyback
OLI recorded this information on 2/20/2024
Company: |
Lear Corporation |
Buyback: |
LEA buyback |
$Amount Authorized: |
$1,500,000,000 |
Buyback Details: |
Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today 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 $0.77 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, 2024. |
Lear is a supplier to the automotive industry. Co. supplies seating, electrical distribution and connection systems and electronic systems to main automotive manufacturers. Co.'s business is organized under two segments: Seating and E-Systems. Co.'s Seating segment consists of the design, development, engineering and manufacture of seat systems, seat subsystems and main seat components. Included in Co.'s seat system and subsystem solutions are comfort, wellness and safety offerings, as well as seating product technologies. Co.'s E-Systems segment consists of the design, development, engineering and manufacture of electrical distribution and connection systems and electronic systems.
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Company Name: |
Lear Corp. |
Stock buyback: |
LEA buyback |
Website: |
www.lear.com |
Sector: |
Auto Parts |
Number of ETFs Holding LEA: |
74 |
Total Market Value Held by ETFs: |
$1.45B |
Total Market Capitalization: |
$8.23B |
% of Market Cap. Held by ETFs: |
17.63% |
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