Lear Hikes Dividend By 54%

Lear Corp (LEA Board has authorized a 54% increase in its quarterly cash dividend from $0.50 to $0.77 per share.
The raised dividend is payable on December 29, 2021, to shareholders of record on December 10, 2021.
"We are pleased to announce an increase in our quarterly cash dividend, which returns the dividend to pre-pandemic levels," said Gregory C. Smith, Lear's Non-Executive Chairman.
The company held $1.1 billion in cash and equivalents as of September 30, 2021.
Price Action: LEA shares are trading higher by 0.15% at $181.25 on the last check Thursday.