Lear Declares Quarterly Cash Dividend

Rhea-AI Summary

Lear Corporation (NYSE: LEA) has declared a quarterly cash dividend of $0.77 per share, reflecting its commitment to returning value to shareholders. The dividend will be payable on March 29, 2023, to shareholders of record on March 10, 2023. As a leading global automotive technology firm in Seating and E-Systems, Lear operates in 37 countries and serves every major automaker, underscoring its significant market presence. The company's focus on innovation, operational excellence, and sustainability supports its mission to enhance consumer experiences during vehicle use.

Positive

• Quarterly cash dividend of $0.77 per share declared.
• Dividend payable on March 29, 2023, indicating company confidence.
• Strong market position serving every major automaker.

Negative

• None.

News Market Reaction – LEA

-1.24%

1 alert

-1.24% News Effect

On the day this news was published, LEA declined 1.24%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SOUTHFIELD, Mich., Feb. 17, 2023 /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 March 29, 2023, to shareholders of record at the close of business on March 10, 2023.

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 37 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 declared by Lear Corporation for Q1 2023?

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

When will the dividend for Lear Corporation be paid?

The dividend will be paid on March 29, 2023.

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

The record date for the dividend payment is March 10, 2023.

How does Lear Corporation ensure sustainable business practices?

Lear Corporation is committed to innovation and operational excellence, contributing to sustainability in the automotive sector.