Industria
Autoliv Announces Dividend Increase, Share Repurchase Program Extension, Treasury Shares Retirement, and 2025 Capital Markets Day
Autoliv's quarterly dividend is increased by 3% to 70 cents per share, from 68 cents , for the fourth quarter of 2024. Assuming today's number of shares outstanding, this equals an annualized total dividend of approximately $220 million .
To holders of record on the close of business on Tuesday, December 3 , the dividend will be payable on: Thursday, December 19, 2024 to holders of Autoliv common stock listed on the New York Stock Exchange (Common Stock); and Friday, December 20, 2024 to holders of Autoliv Swedish Depository Receipts listed on Nasdaq Stockholm (SDRs). The ex-date is: Tuesday, December 3 , for holders of Common Stock; and Monday, December 2 , for holders of SDRs.
Since 2021, Autoliv has returned over $1.6 billion to shareholders through dividends and share repurchases in a challenging market environment. Approximately $950 million of this value has been for the repurchase of 9.5 million shares, representing 11% of our outstanding shares at the time the program began, as part of our current 3-year share repurchase program set to expire at year-end.
With only the current quarter remaining under the current share repurchase program, the Autoliv Board of Directors has now approved an extension of the program until the end of 2025 with no other changes to the authorization. Under the extended repurchase program, up to 7.5 million shares or up to $550 million , whichever comes first, remain authorized for potential repurchase from today through 2025. Autoliv management can initiate repurchases opportunistically at its discretion, subject to applicable legal requirements.
The Autoliv Board of Directors also approved the retirement this quarter of 2,000,000 shares of common stock that have been held in treasury. The retirement of these shares in December, together with the retirement of shares repurchased in the quarter, will result in the decrease in the issued shares of common stock.
Autoliv plans to host a Capital Markets Day on Tuesday June 3 , 2025. Autoliv will invite investors, analysts, media, and other stakeholders to attend. More details will be provided in early 2025.
"Autoliv aims to consistently create competitive shareholder value through our purpose-led strategy and operations. Our strong balance sheet and positive cash flow trend support increased shareholder returns. The Board of Directors is pleased to approve a higher dividend payout, extend the share repurchase program, and reduce number of treasury shares in line with our commitment to return value to our shareholders," says Jan Carlson , Chairman of the Board of Directors. "This is the fourth consecutive annual 3% increase since we re-instated our dividend in Q2 2021," continued Mr. Carlson.
Investors & Analysts: Anders Trapp , Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik Kaar , Tel +46 (0)8 587 206 14
Media: Gabriella Etemad , Tel +46 (70) 612 64 24
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