Lear Corp. (LEA) Raises Quarterly Dividend 66.7% to $0.50; $1B Buyback Plan
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Lear Increases Share Repurchase Authorization to $1 Billion and Increases Quarterly Cash Dividend from $0.30 to $0.50 Per Share
February 13, 2017 7:00 AM ESTSOUTHFIELD, Mich., Feb. 13, 2017 /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 and extended the authorization period until December 31, 2019. In addition, the Board increased by 67% the quarterly cash dividend on the Company's common stock from $0.30 per share to $0.50 per share. The next dividend is payable on March 23, 2017 to shareholders of record at the close of business on March 3, 2017.Â
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