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Lear Corp Accelerates Pace Of Share Repurchase Program; Announces Increases Cash Dividend By 21%

Thursday, 7 Feb 2013 04:16pm EST 

Lear Corp announced that its Board of Directors has authorized Lear's management to increase the pace of its $1 billion share repurchase program to $600 million during 2013. In addition, the Board increased the quarterly cash dividend on the Company's common stock by 21% to $0.17 per share, up from $0.14 per share. The dividend is payable on March 20, 2013 to shareholders of record at the close of business on March 1, 2013.