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Garrett Motion Shares Rise 7.8% on Stock Buyback, Cash Dividend

By MarketWatch   |   1 year ago
Garrett Motion Shares Rise 7.8% on Stock Buyback, Cash Dividend

Garrett Motion saw a 7.8% rise in shares after announcing a new capital-allocation plan involving stock repurchases and dividends. The company aims to return 75% of adjusted free cash flow to shareholders and plans to pay out $50 million in dividends in 2025.

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