Lear Corp. (LEA) Raises Quarterly Dividend 20% to $0.30; Approves $1B Buyback

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Go back to Lear Corp. (LEA) Raises Quarterly Dividend 20% to $0.30; Approves $1B Buyback

Lear Increases Share Repurchase Authorization to $1 Billion and Increases Cash Dividend by 20%

February 12, 2016 4:05 PM EST

SOUTHFIELD, Mich., Feb. 12, 2016 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today announced that its Board of Directors has authorized an increase in the Company's share repurchase authorization to $1 billion while maintaining the authorization period until December 31, 2017.  In addition, the Board increased by 20% the quarterly cash dividend on the Company's common stock from $0.25 per share to $0.30 per share.  The next dividend is payable on March 23, 2016 to shareholders of record at the close of business on March 2, 2016. 

"The Lear Board of Directors is... More