Lear Announces $400M Share Repurchase, Initiates Dividend of $0.25 and Declares Two-for-One Stock Split

Lear Corporation LEA today announced that its Board of Directors has authorized a $400 million share repurchase program, initiated a $0.25 per share quarterly cash dividend and declared a two-for-one stock split of Lear's common stock, par value $0.01 per share. The cash dividend will be paid on the pre-split shares.