Garrett Motion to Boost Shareholder Value Via Dividend & Buybacks
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Garrett Motion (GTX) has announced a long-term capital allocation framework to return at least 75% of its Adjusted Free Cash Flow to shareholders through dividends and buybacks.
December 10, 2024 | 3:00 pm
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Garrett Motion (GTX) has introduced a capital allocation strategy to return at least 75% of its Adjusted Free Cash Flow to shareholders, focusing on dividends and buybacks.
The announcement of a significant return of capital to shareholders through dividends and buybacks is likely to be viewed positively by investors, potentially boosting the stock price in the short term. This move indicates strong cash flow and a commitment to shareholder value.
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IMPORTANCE 80
RELEVANCE 100