Autoliv Declares Quarterly Dividend
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The declaration of a quarterly dividend by Autoliv, Inc. is a significant event for shareholders and prospective investors, as it directly impacts shareholder returns. The dividend of 68 cents per share represents a tangible reward for investment in the company and can be indicative of the company's current financial health and future outlook. It is important to assess the dividend yield, calculated as annual dividends per share divided by the price per share, in relation to industry averages to evaluate the attractiveness of the dividend in the context of the market.
Furthermore, the stability and growth of dividends over time are typically seen as a positive signal, reflecting a company's consistent profitability and a management team confident in the firm's cash flow stability. Investors often view regular dividend payments as a sign of a company's maturity and its ability to generate sufficient cash flow to meet obligations to shareholders, which can be a factor in the stock's valuation.
The announcement of the dividend payment dates is also a key logistical detail for the markets. The distribution of dividends to both Common Stock and Swedish Depository Receipts (SDRs) holders on different dates reflects the company's international presence and the need to accommodate different market practices. The ex-date, which is the date on which the stock starts trading without the right to receive the declared dividend, is crucial for investors to be aware of, as it affects the timing of stock purchases for those seeking to qualify for the dividend payment.
Moreover, the market's reaction to dividend announcements can vary. An increase in dividend can be perceived as a positive signal about a company's future prospects, potentially leading to a positive market reaction. Conversely, if the market had anticipated a higher dividend or if the dividend represents a decrease from previous payments, the market reaction could be negative. These dynamics are important for investors to consider when making investment decisions around the time of such announcements.
From an economic perspective, dividend declarations can have broader implications beyond individual shareholders. They can reflect the overall health of the economy and specific industry sectors. A company like Autoliv, which operates in the automotive safety systems sector, may be influenced by economic factors such as consumer spending, automotive sales trends and global economic conditions. The ability to pay dividends may suggest resilience in the face of economic fluctuations and can be a barometer for the sector's performance.
Additionally, dividend payments put money into the hands of shareholders, which can have a multiplier effect on the economy. This income may then be reinvested into the market or spent on goods and services, potentially stimulating economic activity. The consistency and predictability of dividends from large companies can also contribute to economic stability by providing investors with a steady income stream.
To holders of record on the close of business on Tuesday, March 12, the dividend will be payable on:
- Wednesday, March 27, 2024 to holders of Autoliv common stock listed on the New York Stock Exchange (Common Stock); and
- Thursday, March 28, 2024 to holders of Autoliv Swedish Depository Receipts listed on Nasdaq Stockholm (SDRs).
The ex-date will be Monday, March 11, for holders of Common Stock and SDRs.
Inquiries:
Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14
Media: Gabriella Etemad, Tel +46 (0)8 587 206 02
This information is information that Autoliv, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 10:20 a.m. CET on February 20, 2024.
About Autoliv
Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2023, our products saved close to 35,000 lives and reduced more than 450,000 injuries.
Our close to 70,000 associates in 25 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We drive innovation, research, and development at our 14 technical centers, with their 20 test tracks. Sales in 2023 amounted to US
Safe Harbor Statement
This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.
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SOURCE Autoliv
FAQ
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