Autoliv, Inc. announced a series of measures aimed at enhancing shareholder returns, including a 3% increase in its quarterly dividend to 70 cents per share, up from 68 cents. This marks the fourth consecutive annual 3% increase since the dividend was reinstated in the second quarter of 2021, signaling a consistent commitment to returning value.
The company's Board of Directors also approved an extension of the current share repurchase program until the end of 2025. Under this extended authorization, up to 7.5 million shares or $550 million, whichever comes first, remain available for potential repurchase, providing flexibility for opportunistic buybacks.
Further demonstrating its commitment to shareholder value, Autoliv announced the retirement of 2,000,000 shares of common stock held in treasury during December 2024. This action, combined with the retirement of shares repurchased in the quarter, will result in a decrease in the total number of issued shares of common stock.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.