Autoliv Inc. (ALV) has announced an enhancement to its quarterly dividend and an extension of its current share repurchase initiative. The company plans to cancel two million treasury shares by December 2024. Additionally, Autoliv has scheduled its forthcoming Capital Markets Day for June 3, 2025.
For the fourth quarter of 2024, the company has increased its quarterly dividend by 3%, raising it to 70 cents per share from the previous 68 cents.
Since 2021, Autoliv has distributed over $1.6 billion to shareholders through dividends and buybacks. Of this, approximately $950 million facilitated the repurchase of 9.5 million shares, accounting for 11% of the outstanding shares when the program initiated. This activity is part of the company's 3-year share repurchase program, which was due to conclude at the year's end.
Autoliv has announced that its board has approved an extension of this program through the end of 2025, with no alterations to the existing authorization. This extended repurchase program allows for the potential buyback of up to 7.5 million shares or $550 million—whichever is reached first—through 2025.
Moreover, the Board of Directors has sanctioned the retirement of 2 million common stock shares this quarter. Autoliv is set to host its Capital Markets Day on Tuesday, June 3, 2025.
