Garrett Motion Announces Long-Term Capital Allocation Framework, Including New Quarterly Dividend and $250M Share Repurchase Program for 2025
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Garrett Motion Inc. (Nasdaq: GTX) has announced a long-term capital allocation framework, including a new quarterly dividend and a $250 million share repurchase program for 2025. The company aims to return 75% or more of its Adjusted Free Cash Flow to shareholders.
December 05, 2024 | 2:30 pm
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Garrett Motion Inc. has announced a new capital allocation strategy, including a quarterly dividend and a $250 million share repurchase program for 2025, aiming to return 75% or more of its Adjusted Free Cash Flow to shareholders.
The announcement of a new quarterly dividend and a significant share repurchase program is likely to positively impact GTX's stock price in the short term. These actions signal strong financial health and a commitment to returning value to shareholders, which typically boosts investor confidence and can lead to a rise in stock price.
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IMPORTANCE 90
RELEVANCE 100