(RTTNews) – Autoliv Inc. (ALV) introduced a rise of its quarterly dividend and extension of its present share repurchase program. The corporate will cancel two million treasury shares in December 2024. Autoliv plans to carry its subsequent Capital Markets Day on June third, 2025.
The corporate elevated its quarterly dividend by 3% to 70 cents per share, from 68 cents, for the fourth quarter of 2024.
Since 2021, Autoliv has returned greater than $1.6 billion to shareholders by dividends and share repurchases. Of this whole, roughly $950 million was used to repurchase 9.5 million shares, which represented 11% of the excellent shares on the time this system started. That is a part of the corporate’s present 3-year share repurchase program, set to run out on the finish of the yr.
Autoliv famous that its board has now permitted an extension of this system till the tip of 2025 with no different modifications to the authorization. Beneath the prolonged repurchase program, as much as 7.5 million shares or as much as $550 million, whichever comes first, stay licensed for potential repurchase from at this time by 2025.
The Autoliv Board of Administrators additionally permitted the retirement this quarter of two million shares of widespread inventory which have been held in treasury.
Autoliv plans to host a Capital Markets Day on Tuesday June third, 2025.
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