SOUTHFIELD, Mich., Nov. 18, 2021 -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has authorized an increase in the Company's quarterly cash dividend on the Company's common stock from $0.50 to $0.77 per share. The dividend is payable on December 29, 2021, to shareholders of record at the close of business on December 10, 2021.

"We are pleased to announce an increase in our quarterly cash dividend, which returns the dividend to pre-pandemic levels," said Gregory C. Smith, Lear's Non-Executive Chairman. "The dividend increase reflects the Board's confidence in the Company's financial strength and outlook and demonstrates our continued commitment to returning capital to shareholders."