Stock BuybacksBy The Online Investor Staff, updated Tue., Feb. 18, 1:13 AM
|This Slide: #13 of 25|
Slide #13. Lear Corporation
Lear Corporation (NYSE:LEA)
Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has authorized an increase in the Company's share repurchase authorization to $1.5 billion and extended the authorization period to December 31, 2022. The Board also authorized the Company's ninth consecutive annual dividend increase, raising the quarterly dividend on the Company's common stock from $0.75 to $0.77 per share. The next quarterly dividend is payable on March 18, 2020, to shareholders of record at the close of business on February 28, 2020.
Lear is a supplier to the automotive industry. Co. supplies seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. Co. has two segments: Seating, which consists of the design, development, engineering, just-in-time assembly and delivery of seat systems, and the design, development, engineering and manufacture of seat components; and E-Systems, which consists of the design, development, engineering and manufacture of electrical distribution systems, and electronic control modules, electrification products, connectivity products and software solutions for the cloud, vehicles and mobile devices.
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Buy (2.53 out of 4)
(ranked lower than approx. 81% of all stocks covered)
Based on Zacks ABR data;
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