Garrett Motion (GTX) said Thursday its board declared a Q1 2025 dividend of $0.06 per share, payable Jan. 31 to shareholders of record Jan. 15.
The company said the board also approved a $250 million share repurchase program for 2025.
Garrett said the dividend and the buyback are part of its long-term capital allocation framework, under which it will target returning at least 75% of its adjusted free cash flow to shareholders over time.
The company's shares rose 7% in recent trading.
Price: 9.19, Change: +0.60, Percent Change: +6.98
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