Garrett Motion to Boost Shareholder Value Via Dividend & Buybacks [Yahoo! Finance]
Garrett Motion Inc. (GTX)
Last garrett motion inc. earnings: 2/27 07:00 am
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Source: Yahoo! Finance
least 75% of its Adjusted Free Cash Flow to shareholders over time. This will be achieved through share buybacks and a regular quarterly cash dividend. As part of this initiative, the board of directors has approved a new dividend policy, targeting a total payout of approximately $50 million in 2025. The first dividend under this plan, set at 6 cents per share, will be paid on Jan. 31, 2025, to shareholders on record as of Jan. 15, 2025. Moreover, the board has authorized a 2025 share repurchase program of up to $250 million. Per Olivier Rabiller, president and CEO of Garrett, these measures are designed to provide a competitive dividend yield while emphasizing Garrett's commitment to creating shareholder value and investing strategically in its turbo and zero-emission technologies. The framework leverages Garrett's robust cash generation and flexible cost structure and aligns with its existing capital priorities. The company remains focused on balanced R&D investments, particular
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News
- Optimism for Garrett Motion (NASDAQ:GTX) has grown this past week, despite three-year decline in earnings [Yahoo! Finance]Yahoo! Finance
- Garrett Motion Inc. (GTX): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Garrett Motion Announces Long-Term Capital Allocation Framework, Including New Quarterly Dividend and $250M Share Repurchase Program for 2025GlobeNewswire
- Garrett Motion Inc. (GTX): This Small-Cap Stock Is Ready To Explode [Yahoo! Finance]Yahoo! Finance
- We Think Garrett Motion's (NASDAQ:GTX) Healthy Earnings Might Be Conservative [Yahoo! Finance]Yahoo! Finance
GTX
Earnings
- 10/24/24 - Miss
GTX
Sec Filings
- 12/17/24 - Form SC
- 12/17/24 - Form 4
- 11/19/24 - Form 144
- GTX's page on the SEC website