Visteon resumes share repurchases, initiates 27.5c per share quarterly dividend

After pausing share repurchases in the second quarter due to the uncertainty created by tariffs, the company plans to resume capital returns to shareholders. Since the beginning of 2023, the company has returned $176M of cash to shareholders in the form of share repurchases and intends to restart share repurchase activity in an opportunistic manner. In addition, on July 22, the company’s board of directors initiated a quarterly dividend of 27.5c per share on its common stock. The dividend is payable on September 5 to shareholders of record as of the close of business on August 18. The declaration and payment of future dividends are subject to the sole discretion of the board of directors and will depend on a number of factors, including general and economic conditions, the company’s financial condition and operating results, the company’s available cash and current and anticipated cash needs, capital requirements, banking regulations, contractual, legal, tax and regulatory restrictions, and such other factors as the board of directors may deem relevant.