Garrett Motion Inc

NASDAQ:GTXUnited States

Dec 5, 2024

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• DJ Garrett Motion Shares Rise 7.8% on Stock Buyback, Cash Dividend, from 12:15PM ET on Thursday Dec 05, 2024 by Dow Jones

  12:15PM ET on Thursday Dec 05, 2024 by Dow Jones
  Companies Mentioned: GTX
  
  By Sabela Ojea
  
  Shares of Garrett Motion climbed after the manufacturing company put in place a capital-allocation framework made up of stock repurchases and a regular quarterly cash dividend.
  

• Garrett Motion Declares Cash Dividend, Approves New Stock Buyback Program; Shares Up, from 9:47AM ET on Thursday Dec 05, 2024 by MT Newswires

  9:47AM ET on Thursday Dec 05, 2024 by MT Newswires
  Companies Mentioned: GTX
  09:47 AM EST, 12/05/2024 (MT Newswires) -- Garrett Motion (GTX) said Thursday its board declared a Q1 2025 dividend of $0.06 per share, payable Jan. 31 to shareholders of record Jan. 15. The company said the board also approved a $250 million share ...

• Garrett Motion Announces Long-Term Capital Allocation Framework, Including New Quarterly Dividend and $250M Share Repurchase Program for 2025, from 9:15AM ET on Thursday Dec 05, 2024 by Dow Jones

  9:15AM ET on Thursday Dec 05, 2024 by Dow Jones
  Companies Mentioned: GTX
  
  Garrett Motion Announces Long-Term Capital Allocation Framework, Including New Quarterly Dividend and $250M Share Repurchase Program for 2025
  
  ROLLE, Switzerland and PLYMOUTH, Mich., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced the adoption of a long-term capital allocation framework, under which the Company will target returning 75% or more of its Adjusted Free Cash Flow to shareholders over time through a combination of share repurchases and a regular quarterly cash dividend. As part of this framework, the Company's Board of Directors has approved a new dividend policy, pursuant to which the Board intends to declare and pay quarterly dividends on its common stock in an aggregate amount of approximately $50 million in 2025. The Board has declared the first quarter 2025 cash dividend on the Company's outstanding common stock of $0.06 per share payable January 31, 2025, to all common shareholders of record as of the close of business on January 15, 2025. The Board has also approved a new share repurchase program for 2025, pursuant to which the Company may repurchase up to $250 million of its common stock throughout the course of the year.