Garrett Motion Inc. Plans Quarterly Dividend of $0.08 (NASDAQ:GTX)

Garrett Motion Inc. (NASDAQ:GTX) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.08 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, September 1st.

Garrett Motion Price Performance

Shares of NASDAQ:GTX opened at $28.78 on Thursday. The company has a market capitalization of $5.39 billion, a P/E ratio of 16.83, a P/E/G ratio of 0.89 and a beta of 0.78. The business’s 50 day simple moving average is $32.74 and its 200 day simple moving average is $24.75. Garrett Motion has a 1 year low of $12.26 and a 1 year high of $36.25.

Garrett Motion (NASDAQ:GTX) last released its earnings results on Wednesday, July 29th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.07. Garrett Motion had a negative return on equity of 42.77% and a net margin of 9.29%.The company had revenue of $976.00 million for the quarter. During the same period last year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Garrett Motion will post 1.81 EPS for the current fiscal year.

Key Garrett Motion News

Here are the key news stories impacting Garrett Motion this week:

• Positive Sentiment: Second-quarter earnings beat estimates: Garrett Motion reported adjusted earnings of $0.53 per share, compared with the $0.46 consensus estimate and $0.42 in the year-ago period. Revenue increased 6.9% year over year to $976 million. Garrett Motion Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Solid operating performance: Second-quarter net income was $101 million, adjusted EBIT reached $152 million with a 15.6% margin, and adjusted free cash flow totaled $122 million. Sales growth was driven by gains in passenger vehicles as well as strong commercial-vehicle and industrial demand. Garrett Motion Reports Strong Second Quarter 2026 Results
• Positive Sentiment: 2026 outlook increased: Management raised its full-year outlook and projected revenue of approximately $3.7 billion to $3.9 billion, broadly in line with the $3.8 billion analyst consensus. The higher forecast reinforces expectations for continued earnings momentum. Garrett Motion Q2 2026 Earnings Call Highlights
• Positive Sentiment: New business wins improve visibility: Garrett secured turbocharger programs in North America, China and India; multiple data-center genset awards; a commercial-vehicle e-powertrain development project with a Japanese truck maker; and an industrial air-compression production award. Garrett Motion Business Highlights
• Neutral Sentiment: Dividend declared: The company announced a quarterly dividend of $0.08 per share, payable September 15 to shareholders of record September 1. The annualized yield is approximately 1.1%, providing modest shareholder income but likely having limited effect on the stock relative to the earnings update.

Garrett Motion Company Profile

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.