Garrett Motion Inc. (GTXAP) to Issue Quarterly Dividend of $0.17 on April 3rd

Garrett Motion Inc. (NASDAQ:GTXAP – Get Rating) announced a quarterly dividend on Friday, March 10th, Wall Street Journal reports. Stockholders of record on Wednesday, March 22nd will be given 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 8.19%. The ex-dividend date is Tuesday, March 21st.

Garrett Motion Trading Down 0.5 %

GTXAP opened at $8.30 on Friday. The company’s 50 day simple moving average is $8.90. Garrett Motion has a twelve month low of $6.75 and a twelve month high of $9.56.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Garrett Motion stock. Skaana Management L.P. lifted its stake in shares of Garrett Motion Inc. (NASDAQ:GTXAP – Get Rating) by 70.5% during the fourth quarter, according to its most recent disclosure 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 holding. 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.