Garrett Motion Inc. ( NASDAQ:GTX ) shareholders might be concerned after seeing the share price drop 14% in the last...
ROLLE, Switzerland, March 08, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a leading differentiated automotive technology provider, today announced that the first quarter dividend for the Series A 11% PIK Preferred Stock will be made in cash and is in lieu of allowing the first quarter dividend to accrete. On March 8, 2023, the Disinterested Directors Committee of the Board of Directors of Garrett declared a quarterly cash dividend of $0.17 per share, which will be paid on
Garrett Motion (GTX) delivered earnings and revenue surprises of -11.54% and 5.37%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?