Autoliv Announces Dividend Increase

Rhea-AI Summary

On November 8, 2022, Autoliv, Inc. (NYSE: ALV) announced a 3% increase in its quarterly dividend to 66 cents per share, up from 64 cents. This reflects the company's commitment to enhancing shareholder value, with the new dividend payable on December 9, 2022, to shareholders of record by November 22, 2022. The increase marks the second consecutive annual rise since the dividend was reinstated in Q2 2021, supported by Autoliv's strong balance sheet and cash flow. The ex-dividend date is set for November 21, 2022.

Positive

• Quarterly dividend increased by 3% to 66 cents, showing commitment to shareholder returns.
• Second consecutive annual 3% increase since dividend reinstatement in Q2 2021.
• Strong balance sheet and positive cash flow support increased shareholder returns.

Negative

• None.

STOCKHOLM, Nov. 8, 2022 /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that its quarterly dividend will be increased by 3% to 66 cents per share, from 64 cents, for the fourth quarter of 2022. 

"Autoliv remains committed to creating value for shareholders and the Board of Directors is pleased to approve a higher dividend payout this quarter," says Jan Carlson, Chairman of the Board of Directors.

"It is our ambition to consistently create competitive shareholder value through our purpose-led strategy and operations. As previously communicated, our balance sheet and positive cash flow trend allows for increased shareholder returns. Together with our share repurchase program, our quarterly dividends return substantial value to shareholders," continued Mr. Carlson. "This is the second consecutive annual 3% increase since we re-instated our dividend in Q2 2021."

The dividend will be payable on Friday, December 9, 2022 to Autoliv shareholders of record on the close of business on Tuesday, November 22. The ex-date will be Monday, November 21, for holders of common stock listed on the New York Stock Exchange (NYSE) as well as for holders of Swedish Depository Receipts (SDRs) listed on Nasdaq Stockholm.

This information is information that Autoliv, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 1:50 PM CET on November 8, 2022.

Inquiries: 

Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14
Media: Gabriella Ekelund, Tel +46 (70) 612 64 24

The following files are available for download:

https://mb.cision.com/Main/751/3663444/1656202.pdf

Release

View original content:https://www.prnewswire.com/news-releases/autoliv-announces-dividend-increase-301671574.html

SOURCE Autoliv

FAQ

What is the new dividend amount for Autoliv (ALV) in Q4 2022?

The new dividend amount for Autoliv (ALV) in Q4 2022 is 66 cents per share.

When will Autoliv's dividend be payable?

Autoliv's dividend will be payable on December 9, 2022.

What is the ex-dividend date for Autoliv (ALV)?

The ex-dividend date for Autoliv (ALV) is November 21, 2022.

How often does Autoliv increase its dividend?

Autoliv has increased its dividend by 3% for the second consecutive year since its reinstatement in Q2 2021.