Lear Declares Quarterly Cash Dividend

Rhea-AI Summary

Lear (NYSE: LEA) announced on May 16, 2024, that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the company’s common stock.

The dividend will be payable on June 25, 2024, to shareholders who are on record as of June 6, 2024. Lear , headquartered in Southfield, Michigan, is a global leader in automotive technology, focusing on Seating and E-Systems. The company serves every major automaker worldwide and ranks 189 on the Fortune 500 list.

Positive

• Declaration of a quarterly cash dividend of $0.77 per share.
• Dividend payable on June 25, 2024.
• Strong focus on innovation, operational excellence, and sustainability.
• Global presence with operations in 38 countries.
• Serving every major automaker in the world.
• Ranked 189 on the Fortune 500 list.

Negative

• No new information on revenue or profit figures.
• Dividend declaration might not imply future financial performance improvements.
• Potential shareholder expectations for higher dividends in the future.

SOUTHFIELD, Mich., May 16, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend is payable on June 25, 2024, to shareholders of record at the close of business on June 6, 2024.

About Lear Corporation
Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Lear's diverse team of talented employees in 38 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 189 on the Fortune 500. Further information about Lear is available at lear.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lear-declares-quarterly-cash-dividend-302148219.html

SOURCE Lear Corporation

FAQ

What is the quarterly dividend declared by Lear ?

Lear declared a quarterly cash dividend of $0.77 per share.

When will Lear 's dividend be paid?

The dividend will be payable on June 25, 2024.

Who is eligible for Lear 's dividend?

Shareholders of record at the close of business on June 6, 2024, are eligible.

What is Lear 's stock symbol?

Lear ’s stock symbol is LEA.

When did Lear announce its quarterly dividend?

Lear announced its quarterly dividend on May 16, 2024.