Garrett Motion Inc. (GTX) to Issue Quarterly Dividend of $0.08 on June 15th

Garrett Motion Inc. (NASDAQ:GTX) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.08 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, June 1st.

Garrett Motion Stock Performance

Shares of NASDAQ:GTX opened at $25.87 on Friday. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.07 and a beta of 0.69. The stock’s 50-day simple moving average is $19.08 and its two-hundred day simple moving average is $17.90. Garrett Motion has a 52-week low of $9.57 and a 52-week high of $26.38.

Garrett Motion (NASDAQ:GTX) last announced its earnings results on Thursday, April 30th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.06. The business had revenue of $985.00 million for the quarter, compared to analysts’ expectations of $917.23 million. Garrett Motion had a negative return on equity of 42.77% and a net margin of 9.29%.Garrett Motion’s revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts forecast that Garrett Motion will post 1.74 earnings per share for the current fiscal year.

About Garrett Motion

Garrett Motion Inc is a technology leader specializing in the design, development and manufacture of turbocharging systems and related technologies for the global automotive industry. Its product portfolio includes conventional exhaust gas turbochargers, variable-geometry turbochargers, electric and e-boost turbochargers, as well as electronic actuators, sensors and thermal management systems. The company’s solutions are engineered to improve engine efficiency, reduce emissions and support automakers’ efforts to meet evolving regulatory standards for fuel economy and air quality.

Garrett Motion traces its roots to the founding of AiResearch by Cliff Garrett in 1936, a pioneer in aircraft and automotive turbocharging technologies.