Garrett Motion Inc. (NASDAQ:GTXAP – Get Rating) announced a quarterly dividend on Friday, March 10th, Wall Street Journal reports. Shareholders of record on Wednesday, March 22nd will be paid a dividend of 0.17 per share on Monday, April 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date is Tuesday, March 21st.
Garrett Motion Price Performance
GTXAP stock opened at $8.52 on Friday. Garrett Motion has a 1 year low of $6.75 and a 1 year high of $9.56. The firm has a fifty day simple moving average of $8.94.
Get Garrett Motion alerts:Institutional Investors Weigh In On Garrett Motion
An institutional investor recently raised its position in Garrett Motion stock. Skaana Management L.P. increased its position in Garrett Motion Inc. (NASDAQ:GTXAP – Get Rating) by 70.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,584,013 shares of the company's stock after acquiring an additional 655,150 shares during the quarter. Garrett Motion comprises about 3.0% of Skaana Management L.P.'s investment portfolio, making the stock its 3rd biggest position. Skaana Management L.P.'s holdings in Garrett Motion were worth $13,781,000 at the end of the most recent reporting period.
Garrett Motion Company Profile
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Garrett Motion Inc, together with its subsidiaries, designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers; and provides automotive software solutions.
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