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Jeep Maker Stellantis to Hand $4.5 Billion to Shareholders

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Stellantis is planning to distribute $4.47 billion in dividends to shareholders and buy back up to $1.60 billion worth of shares

Stellantis NV is planning to distribute $4.47 billion in dividends to shareholders and buy back up to $1.60 billion worth of shares after revenue and net profit surged in 2022, a year marked by a steep rise in electric-vehicle sales.

Stellantis and other car makers have had to contend with supply chain snags caused by the war in Ukraine and a

 

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Buybacks were illegal before Reagan for a reason.

Same folks closing a plant in Belvidere, IL right?

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Auto giant Stellantis posts record annual profit, announces $4.47 billion shareholder payoutCarmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and electric vehicle sales.
Source: CNBC - 🏆 12. / 72 Read more »