Lear Declares Quarterly Cash Dividend

Rhea-AI Summary

On August 10, 2022, Lear Corporation (NYSE: LEA) announced a quarterly cash dividend of $0.77 per share on its common stock. The dividend is set to be paid on September 20, 2022, to shareholders who are on record by the close of business on September 1, 2022. This decision underscores Lear's commitment to returning value to its shareholders amidst its role as a leader in automotive technology, particularly in Seating and E-Systems.

Positive

• Quarterly cash dividend of $0.77 per share reflects strong company performance.
• Dividend payment demonstrates commitment to returning value to shareholders.

Negative

• None.

SOUTHFIELD, Mich., Aug. 10, 2022 /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 September 20, 2022, to shareholders of record at the close of business on September 1, 2022.

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 186 on the Fortune 500. Further information about Lear is available at lear.com or on Twitter @LearCorporation.

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SOURCE Lear Corporation

FAQ

What is the dividend amount for Lear Corporation (LEA)?

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

When will Lear Corporation's dividend be paid?

The dividend will be paid on September 20, 2022.

What is the record date for Lear Corporation's dividend?

The record date for the dividend is September 1, 2022.

How often does Lear Corporation pay dividends?

Lear Corporation pays dividends quarterly.

Is the dividend from Lear Corporation sustainable?

While the PR does not provide specific financial metrics, the declaration of a dividend indicates operational stability.