Garrett Motion Shares Rise 7.8% on Stock Buyback, Cash Dividend

Dow Jones

Dec 06, 2024

By Sabela Ojea

Shares of Garrett Motion climbed after the manufacturing company put in place a capital-allocation framework made up of stock repurchases and a regular quarterly cash dividend.

The stock was up 7.8%, to $9.26, in midday Thursday trading. Shares have climbed 17% over the past 12 months, through are down 4.9% year to date.

The automotive-technology provider said it has targeted returning 75% or more of its adjusted free cash flow to shareholders over time.

The company said the board declared a first quarter cash dividend of 6 cents a share, payable on Jan. 31, and intends to pay quarterly dividends in an aggregate amount of around $50 million in 2025.

Garrett Motion also approved a stock-repurchase program of up to $250 million throughout the course of the year.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

December 05, 2024 12:15 ET (17:15 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2489890460"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2489890460\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2489890460?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-06 01:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2489890460","market":"hk","top_or_hot":-1,"title":"Garrett Motion Shares Rise 7.8% on Stock Buyback, Cash Dividend","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Sabela Ojea \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Garrett Motion climbed after the manufacturing company put in place a capital-allocation framework made up of stock repurchases and a regular quarterly cash dividend. \n</p>\n<p>\n  The stock was up 7.8%, to $9.26, in midday Thursday trading. Shares have climbed 17% over the past 12 months, through are down 4.9% year to date. \n</p>\n<p>\n  The automotive-technology provider said it has targeted returning 75% or more of its adjusted free cash flow to shareholders over time. \n</p>\n<p>\n  The company said the board declared a first quarter cash dividend of 6 cents a share, payable on Jan. 31, and intends to pay quarterly dividends in an aggregate amount of around $50 million in 2025. \n</p>\n<p>\n  Garrett Motion also approved a stock-repurchase program of up to $250 million throughout the course of the year. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 05, 2024 12:15 ET (17:15 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Garrett Motion Shares Rise 7.8% on Stock Buyback, Cash Dividend</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGarrett Motion Shares Rise 7.8% on Stock Buyback, Cash Dividend\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-06 01:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Sabela Ojea \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Garrett Motion climbed after the manufacturing company put in place a capital-allocation framework made up of stock repurchases and a regular quarterly cash dividend. \n</p>\n<p>\n  The stock was up 7.8%, to $9.26, in midday Thursday trading. Shares have climbed 17% over the past 12 months, through are down 4.9% year to date. \n</p>\n<p>\n  The automotive-technology provider said it has targeted returning 75% or more of its adjusted free cash flow to shareholders over time. \n</p>\n<p>\n  The company said the board declared a first quarter cash dividend of 6 cents a share, payable on Jan. 31, and intends to pay quarterly dividends in an aggregate amount of around $50 million in 2025. \n</p>\n<p>\n  Garrett Motion also approved a stock-repurchase program of up to $250 million throughout the course of the year. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 05, 2024 12:15 ET (17:15 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4124","symbol_name":"机动车零配件与设备","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2489890460","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489890460","pubTimestamp":1733418900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Garrett Motion climbed after the manufacturing company put in place a capital-allocation framework made up of stock repurchases and a regular quarterly cash dividend.The stock was up 7.8%, to $9.26, in midday Thursday trading. Shares have climbed 17% over the past 12 months, through are down 4.9% year to date.The automotive-technology provider said it has targeted returning 75% or more of its adjusted free cash flow to shareholders over time.The company said the board declared a first quarter cash dividend of 6 cents a share, payable on Jan. 31, and intends to pay quarterly dividends in an aggregate amount of around $50 million in 2025.Garrett Motion also approved a stock-repurchase program of up to $250 million throughout the course of the year.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4124":"机动车零配件与设备","GTX":"Garrett Motion Inc.","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC"},"translate_title":"Garrett Motion股价因股票回购和现金股息上涨7.8%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GTX":0.9},"content_text":"By Sabela Ojea \n\n\n \n\n\n  Shares of Garrett Motion climbed after the manufacturing company put in place a capital-allocation framework made up of stock repurchases and a regular quarterly cash dividend. \n\n\n  The stock was up 7.8%, to $9.26, in midday Thursday trading. Shares have climbed 17% over the past 12 months, through are down 4.9% year to date. \n\n\n  The automotive-technology provider said it has targeted returning 75% or more of its adjusted free cash flow to shareholders over time. \n\n\n  The company said the board declared a first quarter cash dividend of 6 cents a share, payable on Jan. 31, and intends to pay quarterly dividends in an aggregate amount of around $50 million in 2025. \n\n\n  Garrett Motion also approved a stock-repurchase program of up to $250 million throughout the course of the year. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 05, 2024 12:15 ET (17:15 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}